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January 14, 2010
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May 5, 2010

The IRS has released an 80-page document outlining many commonly-used tax dodges. Remember, if something sounds too good to be true (like slave reparation credits) — it probably isn’t.

Anyone who tries to avoid paying taxes by claiming a slave reparation credit, or that paying taxes is voluntary or that an IRS agent’s badge was the wrong color can probably expect an unpleasant experience, according to the Internal Revenue Service.

The IRS issued an 80-page publication outlining some common tax dodges and the court cases disproving the attempts. To underscore the seriousness of the practice, the IRS said that anyone who uses such frivolous excuses and is convicted of avoiding paying their taxes will face fines of $25,000.

You can find the IRS publication THE TRUTH ABOUT FRIVOLOUS TAX ARGUMENTS here.

Originally posted at http://www.dennyllp.com

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