Don’t leave your tax forms blank — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Don’t leave your tax forms blank

Get PDF file

by on
in Small Business Tax,Small Business Tax Deduction Strategies

Q. My friend told me he submitted a blank tax return to the IRS. Is this even possible? Anonymous, Akron, Ohio

A. Yes. Of course, it’s extremely unlikely that a taxpayer would legitimately not have anything to report, but it might happen for someone from a foreign county with no U.S.-source income. More often, filing a blank return is a form of protest by the taxpayer, who could then be flagged by the IRS for making a frivolous tax argument.

Tip: It is noteworthy that a valid return signed by the taxpayer starts the statute of limitations running.

Leave a Comment

Previous post:

Next post: