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.
Justin Donald – The Lifestyle Investor
Transcript of Justin Donald interview by Alan Olsen, Host of the American Dreams Show, “The Lifestyle Investor”: Alan: Hi, this is Alan Olsen and welcome to American Dreams. My guest today is Justin Donald, welcome to today’s show. Justin Donald: Thanks, Alan Great, to be here excited to hang with you and talk with…
Tips to Improve Your Leadership Communication
Here are some tips to improve your leadership communication. One of the most important attributes any leader can possess is the ability to communicate well with others. Good leaders understand this attribute is one they need to consistently work on to continually improve. Good communication is vital for any type of leader, as he or…
Are Risk Takers Good Leaders?
ARE RISK TAKERS GOOD LEADERS? Are risk takers good leaders? Risk plays a factor in our daily choices, and perhaps more so in the professional aspect of our lives. Some decisions we make are chancier than others, and there are countless examples of leaders in the business world who have taken great risks in order to become highly…
Six Habits of Professional Leaders
This article will discuss six habits of Professional Leaders. Leadership in the workplace comes in many different styles and forms. Not all people in positions of leadership have the necessary skills to excel at their position. To be successful in business leadership, developing and honing numerous talents, abilities, and attributes is necessary. Some professional leaders are…