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
Ken Neumann, Using Nutritionists to Prepare Meals Personalized For You

Using Nutritionists to Prepare Amazing Meals Personalized For You

In this interview, Alan Olsen talks with Ken Neumann‘s about nutrition and Youtopia Interview Summary: As Ken Neumann wanted to share his God given talents with others, he started a business called, “Youtopia”. It started off as a simple question, “Is there a way to increase the nutritional value for those who have some type…

Economic Benefits to Hosting Super Bowl

The Economic Benefits of Hosting The Super Bowl

The Economic Benefits of Hosting the Super Bowl Written by Traci Bullock. What is the Super Bowl? Arguably, the most popular US sporting event of the year.  The Super Bowl features the best two teams from the NFL’s American Football Conference (AFC) and National Football Conference (NFC) competing for the Vince Lombardi Trophy, named after…

Positive Work Environment

Positive Work Environment

Positive Work Environment Written by Traci Bullock. Creating a positive work environment is essential for the success of any organization or company. A positive work environment not only increases productivity and employee satisfaction, it also attracts and retains top talent. In this article, we will discuss key elements of creating a positive work place: making…

Unlocking Success with Lynn Thomas CEO of Thomas Consulting One Great Idea at a Time

Unlocking Success with Lynn Thomas CEO of Thomas Consulting One Great Idea at a Time

See Lynn Thomas‘ Recent Interview with Alan Olsen: about unlocking success one idea at a time, video here: https://youtu.be/0VFOWFl3wqk Lynn Thomas has been helping clients unlock success, one idea at a time by executing tailored client presentations that deliver extraordinary client experiences. Her firm specializes in creating and implementing plans based on new tax laws…