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
Where Do Most Americans Fall With Proposed Tax Reform?

American Taxpayers Are All for Real Tax Reform

  Taxes, taxes, taxes. One thing is for sure you can’t run and hide from them. While most Americans pay their taxes, some more begrudgingly than others, most taxpayers wish they could pay less. What’s more, most taxpayers would also love to see some real change in the tax system instead of the constant back-and-forth…

Trump Still Not Giving in to Demands Calling for Tax Returns

  So what do you think about Donald Trump and his tax returns? This has been the subject of much scrutiny since Mr. Trump announced he was running for president and eventually becoming the republican nominee. Whether you love him or hate him, it appears that most people, even republicans feel that he should release…

TechCrunch Disrupt SF 2016- Koder

TechCrunch Disrupt SF 2016- Koder Alan: Hi, I’m here today with Elmer Morales and he is the co-founder or founder of Koder. Elmer: Founder, yes. That’s right. Alan: Welcome to today’s show. Elmer: Thank you. Thanks for having me. Alan: So Elmer, is this your first company? Elmer: It’s actually my fourth, I’ve had a few others before and you know…

TechCrunch Disrupt SF 2016- Lyra

TechCrunch Disrupt SF 2016- Lyra Alan: Hi, this is Alan Olsen, and I’m here today with Dilun Ho. He is one of the co-founders of Lyra. Dilun, welcome to today’s show. Dilun: Thank you. Alan: So Dilun, give us the inspiration behind Lyra and what you see as the vision for your future here. Dilun: So Lyra basically is…