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.

Posted in
HOW TO OVERCOME FEAR TO FIND SUCCESS

How to Overcome Fear to Find Success

How to Overcome Fear to Find Success How to overcome fear to find success?  This is the greatest hindrance to those who want to be successful in business, or simply life in general. There are plenty of excuses people can find when things don’t go right. The business world is full of failed endeavors and…

Christmas

What Really Matters at Christmas

What really matters at Christmas?  When I think of Christmas, the smell of fresh pine needles, the taste of creamy eggnog, and the sight of beautifully colored lights immediately spring to mind.  But even as I enjoy those delightful thoughts, I know they are not what really matter at Christmas, magical as they are.  What…

NFTs, The Future of Unique Experiences

Lee Richter is an award-winning Global Leader, Visionary and Thought Leader recognized for being one of San Francisco’s Top 100 Women Business Leaders for 7 years in a row and Top 100 Fastest Growing Businesses in the Bay Area for three years running. As an entrepreneur since the 1990’s, Lee has built and sold several…

Best College Degrees in 2021

Best College Degrees in 2021

Best College Degrees in 2021 Are you preparing to enter college at some point this year and asking what are the best college degrees in 2021? If so, then you’re likely trying to determine which course of study you should take or what type of degree to pursue. Perhaps you’re just about ready to finish…