Estate Planning

IRS Lists 4 New Frivolous Positions to Avoid

By Gregory Herman-Giddens

The IRS recently published a notice naming four new frivolous income tax claims:

• Misinterpretation of the 9th Amendment to the U.S. Constitution regarding objections to military spending.
• Erroneous claims that taxes are owed only by persons with a fiduciary relationship to the United States or the IRS.
• A nonexistent “Mariner’s Tax Deduction” (or the like) related to invalid deductions for meals.
• Certain instances of misuse or excessive use of the section 6421 fuels credit.

Needless to say, do not take any of these positions on your return!

Full post as published by North Carolina Estate Planning Blog on January 17, 2008 (boomark / email).