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

Creating A Better Future With Science – a Moment with Jim Demetriades

Transcript of Jim Demetriades interview by Alan Olsen, Host of the American Dreams Show “Creating A Better Future With Science”: Alan Olsen: My guest today is Jim Demetriades. Jim, welcome to today’s show. Jim Demetriades: Delighted to be here. Thanks for having me. Alan Olsen: So Jim you have quite a, you know, extensive background with some great…

Mike Andrews

Mike Andrews – Predictive Maintenance via Data Analytics

Transcript of Mike Andrews interview by Alan Olsen, Host of the American Dreams Show, “Predictive Maintenance via Data Analytics”: Alan: I’m with Mike Andrews. Today he’s the Founder and Managing Partner at Hawkstone Capital, and also serves as the CEO of Paper Airplane. Mike, welcome to today’s show.   Mike Andrews: Thanks, Alan. Thank you for having…

Justin Donald

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

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…