• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Tax Court loses its sense of humor

by on
in Small Business Tax

Don't get creative in your tax-reduction arguments. Filing a "frivolous" tax appeal merely to stall payment can earn you a stiff fine in court. In the past 12 months, the U.S. Tax Court has imposed nearly $136,000 in such penalties, more than the previous two years combined. Average penalty last year: $5,509. Good resource: IRS fact sheet, The Truth about Frivolous Tax Arguments, at www.irs.gov/pub/irs-utl/friv_tax.pdf.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/22785/tax-court-loses-its-sense-of-humor "

Related Articles...

    No matches

Leave a Comment