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
TechCrunch Disrupt SF 2016- Rolik

TechCrunch Disrupt SF 2016- Rolik

TechCrunch Disrupt SF 2016- Rolik Alan: I’m here today with Sergei Gritsenko and he’s the co-founder of Rolik. Sergei, welcome to today’s show. Sergei: Thank you. Nice to meet you as well. Alan: So Sergei, tell me about your company. You currently are doing the world’s first digital video ad in the market place. Sergei:…

TechCrunch Disrupt SF 2016- SAP Hybris

TechCrunch Disrupt SF 2016- SAP Hybris

TechCrunch Disrupt SF 2016- SAP Hybris Alan: Hi, this is Alan Olsen, and I’m here today with Samuel Schneider and he is with SAP Hybrid labs. Samuel, welcome to today’s show. Samuel: Hi, thanks. Yeah that was Hybris and Hybris is an SAP company and we are here offering our API market place. Alan: So…

TechCrunch Disrupt 2016- Spherica

TechCrunch Disrupt 2016- Spherica

TechCrunch Disrupt 2016- Spherica Alan: Hi, this is Alan Olsen. I’m here at TechCrunch and I’m here with Alina Mikhaleva she is the managing partner of a company called Spherica. Welcome to today’s show. Alina: Thank you so much. Thank you for having us. Alan: And also, this is Nick back here and Nick is…

The Biggest Challenge Entrepreneurs Face

The Biggest Challenge Entrepreneurs Face

The Biggest Challenge Entrepreneurs Face Alan: Running a company is never easy and you know, this show at American Dreams talks about pathways in life. And I had a guest come on once and say “In life there is no path, but it’s really the path is created by the series of choices that we…