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.
Habits to Ditch So You Can Retire by Your 40th Birthday
Habits to Ditch So You Can Retire by Your 40th Birthday Are your retirement plans set? Are you going to call it quits when you turn 65 and spend your goldenyears traveling the world, lavishing your grandkids with gifts and good times, and spending your down time relaxing in the sun by a crystal-clearpool? It…
What Things Do Successful People Do to Start Their Day?
What Things Do Successful People Do to Start Their Day? The old adage goes: the early bird gets the worm. Does that mean the birds that have been out late and decided to sleep in miss out? Surely there are enough worms to go around for all the birds, right? The fact is, worms would…
The Best Jobs for Work-Life Balance
The Best Jobs for Work-Life Balance Why do you work? Is it to achieve a sense of accomplishment? Perhaps you simply work for a paycheck. Of course, most people work out of necessity to provide for themselves and for their families. Just about anyone who works to provide for his or her family will face…
Some of the Most Amazing Hobbies From Around the Globe
Some of the Most Amazing Hobbies From Around the Globe Have you been looking for a new hobby lately to fill your time? If the stamp or coin collecting just doesn’t seem to grab your attention and the thought of taking up golf or polo bores you, then perhaps it’s time to look outside the…