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Financial Planning / Tax Strategies


Subject:  Re: Penalty for Payment sent with return on 4/17 Date:  6/22/2006  1:01 AM
Author:  wrjohnston91283 Number:  87508 of 127616

Pretty much for ANYTHING tax related the burden of proof is on the taxpayer. If you are spending $250,000 a year but only report income of $50,000 you need to be able to document where the difference is coming from and why it isn't taxable. Glad to see it worked out in your favor, even though it was a small amount.
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