If You’re Going to Argue About Taxes Your Argument Better Be Good

Lets face it a lot of taxpayers make mistakes on their tax returns. It’s also true that there are plenty of other taxpayers that willfully falsify their returns in order to save on their total tax bill. Some people even go as far as to simply skip out on filing a return all together. You should already know how that sits with the IRS.

Of course, the nation’s top tax agency doesn’t take kindly to people who don’t file a tax return when they are obligated by the law to do so. What’s more, they like it even less when one of those individuals or companies decides to argue their case but doesn’t have much of an argument. Taxpayers give all kinds of reason for not filing a return, but if you plan on putting up a fight with the IRS, then you had better have a really good reason; and forget about any argument deemed frivolous. The IRS hates those.

In fact, the tax agency even has a list of such arguments and if you happen to go down that road you can expect serious consequences. That’s because the IRS has the right to add a special frivolous position penalty to your bill under Section 6702 of the tax code. As with all situations associated with the IRS, your best bet is to always just tell the whole truth and nothing but the truth. However, if you aren’t completely truthful to begin with, don’t make it worse with a frivolous argument.

Posted in
The Inspiration for LinkedIn

The Inspiration for LinkedIn

The Inspiration for LinkedIn with Konstantin Guericke, co-founder of LinkedIn “When you need an investor, or business partner, its usually not someone who you know, but it’s often someone who you know knows” –Konstantin Guericke, Co-Founder of LinkedIn “I am a social architect with a passion for exploring the intersection of psychology, sociology and computing.…

Bill Schlough

Baseball Analytics- Business & Game Day

Baseball Analytics- Business & Game Day  “What’s been Cool to Watch over the Years is how the Role of analytics has increased. More and more people are focused on it and we’re capturing data that now before has ever had access to” -Bill Schlough, CIO of the San Francisco Giants Transcript of : Baseball Analytics-…

How Hal Kellman Averages a 20% Return on the Market

How Hal Kellman Averages a 20% Return on the Market

Interview Transcript, How Hal Kellman Averages a 20% Return on the Market Introduction to How Hal Averages a 20% Return on the Market Alan Welcome back. I’m here today with how Kelman the Cameron family office and how welcome to today’s show. Thank you. So hopefully the listeners, can you get the background of how…

Mike Duffy;Happiness in the Workplace

Happiness in the Workplace

About Mike Duffy: Happiness is more than a state of being, for Mike Duffy, it’s a passion. Listen as Mike shares an acronym that he’s made up to help you achieve happiness in the workplace. Mike Duffy is an evangelist for happiness. Mike has written 4 books on happiness including, The Happiness Book For Men.…