Have a Tax Issue With the IRS? You Could Always Take Them to Court
What would you do if the IRS makes a decision you don’t agree with? For example, let’s say you file a tax return and send it in expecting to receive a refund of $1,500. However, a few weeks later, instead of receiving your refund, you get a letter in the mail informing you that you made a mistake and you will only be receiving $1,100. You’d be upset for sure, but most people probably figure there’s nothing they can do about it.
Actually, that’s not the case. Did you know that if you disagree with the IRS on your return you could ask them to change their decision? That sounds like a futile move, right? Why would they change their mind? There is another option, though. If you really feel that you have been treated unjustly you can take the IRS to the United States tax Court. That doesn’t sound very fun, either, but it is an option.
The good news is that the U.S. Tax Court is not affiliated with the IRS. That means the IRS is in the same boat as you if your case goes to trial. There are several reasons that people decide to challenge the IRS in court, which include:
- The IRS assess a deficiency
- An abatement request
- Request relief from a joint return
- Disagreements on worker classification
- Summons enforcement
- Gross income
- Accuracy-related penalty
While most people would rather not spend any more time dealing with the IRS than they have to, if you do feel you have been treated unfairly by the tax agency, then you don’t have to just sit back and take it.
What Scares Elon Musk About Artificial Intelligence?
What Scares Elon Musk About Artificial Intelligence? As the world of technology continues to move into the furthest realms of the imagination, new ideas, services and products continue to push the boundaries of what’s possible. With virtual reality and now artificial intelligence gaining more steam, these kinds of technologies also create moral dilemmas for many…
The Brains Behind Udacity’s Self Driving Car Degree
The Brains Behind Udacity’s Self Driving Car Degree Most anyone with a degree in a technology field will tell you that it was well worth his or her time, money and effort to earn it. However, with advancements in technology moving so quickly certain degrees can be more valuable, while other degrees can become outdated…
3 Tax Tips for Car Collectors
3 Tax Tips for Car Collectors Have you had your eye on a special vehicle lately? Perhaps you’re in the market for a classic Ferrari or Lamborghini. Maybe you fancy the old-school classic models from the 1920s and ’30s. The fact is many of the world’s high net worth individuals enjoy collecting cars. After all,…