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
Just Jokes

Just Jokes

Just Jokes One-liners Definitions of Accountants Newton’s Laws of Accounting Top 10 Signs Your Accountant is Nuts Top 10 Signs You’ve Hired a Bad Accountant Top 10 Pick-Up Lines of Accountants Top 10 Ways To Make Doing Your Taxes More Fun Top 10 Signs You Work in Public Accounting/Consulting You Might Be An Accountant If……

Jack Crawford

Strategic Planning for Life: A Moment with Jack Crawford of the Impact Venture Capital

Interview Transcript of: Strategic Planning for Life: A Moment with Jack Crawford of the Impact Venture Capital Jack Crawford: The fast-moving innovative area of technology was always fascinating to me and the idea of taking an idea and creating value in a short period of time was extremely interesting and so after being the founder…

Jennifer Lawrence; Luxury Lifestyle Logistics | Jennifer Laurence

Luxury Lifestyle Logistics | Jennifer Laurence

  About Jennifer Laurence Jennifer is the founder and President of Luxury Lifestyle Logistics. She is a consummate hospitality professional who has loved domesticity for as long as she can remember. Early in her college career, she discovered the world of professional home management and private service through an estate management internship and knew she…

Russell Hancock

The State of Silicon Valley | Russell Hancock

About Russell Hancock Russell Hancock is President & CEO of Joint Venture Silicon Valley, a position he has held since 2003. In this role Dr. Hancock is best described variously: as a civic leader, community gatherer, institution builder, social entrepreneur, and outspoken advocate for regionalism. Since taking the helm of Joint Venture he has quadrupled…