IRS Threats

'Dramatic Increase' in Threats Against IRS

Many people take a jaundiced view of the IRS. The problem I have with them, personally is the excessive penalties they charge for various infractions. How many times have you heard of people owing $300 but after penalties and interest it's somewhere in the neighborhood of $2,000? This is just an example, of course, but the chances are you know someone who has faced immense fines from the IRS or some other taxing authority.

I look at the IRS as a business partner. Like any other partner, I have to pay them to conduct business with them. Where they differ, is when you're late, or if your invoices aren't filled out perfectly, they hit you with penalties that make credit card fees look like a joke, in comparison. Unlike other companies you have dealings with, you can't take your business elsewhere, and this allows the IRS to seemingly do whatever it wants. Therein lies the problem. In reality, the IRS is just another business and we're its customers. Unfortunetely for us, they don't see it this way.