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.
Some of the Most Amazing Hobbies From Around the Globe
Some of the Most Amazing Hobbies From Around the Globe Have you been looking for a new hobby lately to fill your time? If the stamp or coin collecting just doesn’t seem to grab your attention and the thought of taking up golf or polo bores you, then perhaps it’s time to look outside the…
Where to Live if You Just Graduated From College
Where to Live if You Just Graduated From College A fresh new crop of college graduates has just recently walked across that grand stage in caps and gowns to receive their hard-earned diplomas. It also means that thousands of young graduates are busy looking for a job, and in many cases, a new place to…
Unusual Habits Creative People Have in Common
Unusual Habits Creative People Have in Common If you spend some time considering some of the most creative people in the world and the many contributions they’ve made to society, you will surely be amazed. From Steve Jobs and Bill Gates in the tech industry to Warren Buffet in the business world, as well as…
The Most Valuable Items to Include In Your Garden
The most valuable items to include in your garden may surprise you. Gardens come in all shapes and sizes and can be very personal. Plus, with so many diverse fruits and vegetables, there is no end to what you can grow in your own personal garden. However, what kinds of things have the most value?…