IRS Instructions as Clear as Mud, Even to the IRS
Tax time is just around the corner and that means it will be time once again to comb through all the jargon that is IRS tax forms. Many taxpayers have long bemoaned tax forms and instructions as just plain confusing and in some cases, downright sinister. However, even though filing taxes on your own accord can be a risky proposition, as long as you stick to the code and follow the IRS’s instructions carefully and exactly, you should be OK, right? Well, not necessarily.
What? How could that possibly be true? The fact is tax instructions don’t actually fall under the tax law. So, in reality, you could even follow the instructions on a tax form with exactness and still end up with an error. Of course, the IRS would understand if that happened to you, right? Well, not exactly. Many taxpayers have used this argument to no avail. In most instances, the courts side with the IRS and rarely hold the agency to what is written in its forms and instructions.
That’s because, unfortunately, according to legal precedence, the only things that hold up in court as tax law are regulations, official statutes and judicial decisions. That means even if you fill out your tax forms incorrectly and it’s the IRS’s fault, you will still be held accountable for those mistakes. It doesn’t seem fair that the IRS is ultimately not responsible to write correct instructions, but nevertheless when it comes to the IRS there isn’t too much that does seem fair.
Approaching “Star Trek” Like Medical Technology
Episode Transcript of: Approaching “Star Trek” Like Medical Technology Alan Welcome back. I’m here today with Joe DeLuca. He’s the founder of healthcare investment vision USA. Joe, welcome to the show. Joseph Thank you. Good to be back. Alan So for, for the listeners sake, and we really appreciate you coming back and returning actually,…
Stanford’s Entrepreneurship | Douglas Y. Park
Stanford’s Entrepreneurship | Douglas Y. Park Transcript: Unknown Speaker 0:00 Welcome to American Dreams keys to success with your host, Alan Olsen. Welcome Alan 0:05 back. We’re here today with Dr. Douglas Park. He practices slot remote attorneys and teaches classes and entrepreneurship at Stanford University. Welcome to today’s show, Doctor, Douglas 0:17 thank you…
Wally Hawley on American Dreams
Interview Transcript of: Wally Hawley on American Dreams Alan This is Alan Olsen American Dreams, the keys to life success where we talk about how to live the life that you want to live. Nadine And this is needing camera. What are your dreams? What do you want out of life and what define…
CA Tax Issues | Kitty Wright
CA Tax Issues | Kitty Wright We hope you found this interview about “CA Tax Issues | Kitty Wright” enjoyable. To receive our free newsletter, contact us here. Subscribe our YouTube Channel for more updates. This transcript was generated by software and may not accurately reflect exactly what was said. Alan Olsen, is the Host of the…