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
Effectively Managing Your Goals

Effectively Managing Your Goals

Effectively Managing Your Goals In effectively managing your goals, you need to know where you are going, start with the end in mind. In order to do this, it is important to establish an effective process to carry out your goals. Some goals may take only days to accomplish while others may take years. In…

What do both Goal Failure and Goal Success have in Common?

What do both Goal Failure and Goal Success have in Common? The other day I was asking my 12-year-old son how basketball practice went (he is playing goal success goal failure with a new year-round competitive team), and how he feels he is doing. He said, “Good.” That’s the typical answer I get from him,…

influential leader

Becoming an Influential Leader

Becoming an Influential Leader Who are the most influential business leaders the world has known? Would it be the CEO of a multimillion-dollar corporation? Maybe it is someone that is not as well known; someone within your community who has set an exemplary example of leadership. Some individuals have innate qualities that make them born…

Agile Stacks | John Mathon

Agile Stacks | John Mathon

Agile Stacks | John Mathon Transcript Alan 0:02 I’m here today with John Mason. John is the founder of agile stacks and also CEO. John, welcome to today’s show. John 0:09 Thank you. Good to see you here. Alan 0:10 So agile stacks. You know, for the listeners, before we get into the company, let’s…