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.
Serial Entrepreneur | Aldo Carrascoso
About Aldo Carrascoso Aldo Carrascosois the Founder and COO / CTO of Veem, a company that utilizes Blockchain to allow individuals to make cross border payments in local currencies. The company was conceptualized by Aldo when learned that individuals making cross border payments were having to pay up to 25% of the transfer amount…
Turning Tragedy into Positive Experiences | Gerald Carroll
About Gerald Carroll Gerald Carroll is a partner with Burnham Brown law firm in their Oakland office. He specializes in Construction and Professional Liability Law. Prior to coming to Burnham Brown, Jerry along with his partner ran their own law practice, Hartman and Carroll for 20 years. Jerry graduated with honors in English from…
Why Startups Need Legal Counsel | Jackie Ammon
About Jackie Ammon Jackie Ammon is a senior associate who focuses her practice on corporate matters at WilmerHale. Prior to joining WilmerHale, Ms. Ammon was a judicial extern for the Honorable Frederick F. Mumm of the US District Court for the Central District of California. In that role, she wrote Report and Recommendation for…
The 10 Laws of Trust | Joel Peterson
About Joel Peterson Joel Peterson is Chairman of JetBlue and a consulting Professor at the Stanford Graduate School of Business. Together along with David Kaplan he authored The 10 Laws of Trust, a business leadership book about building high-trust organizations. Mr. Peterson is the former managing partner of Trammel Crow, one of the top leading…