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
Daniel Hammond Customer Driven Leadership LLC - A Servant Leadership, Entrepreneurial Problem-Solving Model

Daniel Hammond Customer Driven Leadership LLC – A Servant Leadership, Entrepreneurial Problem-Solving Model

Daniel Hammond is the Managing Partner of Customer Driven Leadership LLC, an organization dedicated to transforming businesses through servant leadership and entrepreneurial problem-solving. Founded by Dr. Ted Anders, Customer Driven Leadership LLC has a mission to help over 1,000 ethical organizations reach their goals and provide exceptional service to their customers. Daniel Hammond is the…

The IRS is Getting a Funding Increase, Episode 21 with Ron Cohen

Episode 32: Year End Tax Planning

Ron Cohen talks about year end tax planning. Transcript: Today we discuss: -A review of year end tax planning issues and strategies About Ron Cohen’s Show: Hello and welcome. This is Ron Cohen. I’m a tax partner with the firm of Greenstein, Rogoff, Olsen & Co., LLP and we’re located in beautiful downtown Fremont, California.…

Customer Centered Leadership with Daniel Hammond

Customer Centered Leadership with Daniel Hammond

Alan Olsen interviews Daniel Hammond about customer centered leadership for Alan’s American Dreams show. Transcript: Alan Olsen Welcome to American Dreams. My guest today is Dan Hammond. Dan, welcome to today’s show.   Daniel Hammond Alan, thank you so much for having me.   Alan Olsen So Dan, you have an amazing entrepreneurial journey and,…

Investing and Networking: Richard Wilson Family Office Club

Investing and Networking: Richard Wilson Family Office Club

Richard Wilson is the Founder and CEO of Family Office Club. Since launching in 2011, Richard has grown his firm into one of the leading networks for family offices, wealth advisors and investors worldwide. His work has been featured in Forbes, Bloomberg Businessweek, The Wall Street Journal and other media outlets. With more than a…