Penalties For Pursuing Frivolous Tax Arguments
Penalties for Pursuing Frivolous Tax Argument – Are You Sure You Want To Challenge The IRS This Way?
Usually, for each one of those contentious arguments people may decide to use against the IRS, there are different sanctions imposed. The Truth about Frivolous Tax Arguments, the document the IRS released, offer details on penalties applied for pursuing frivolous tax arguments.
Be extremely careful how you express your displeasure with the IRS and our tax system. There are many venues to take but dragging the IRS through the court system is not the one you want to take. Groundless litigation diverts the valuable time and efforts of the same judges that should be dealing with more serious matters. Once a ruling has been made and the claim has been resolved, the overseeing judges and lawyers must move on to other pressing matters. Instead, some taxpayers want to continue to bring up the same arguments that have been tried time and time again. There can be dire consequences for such actions.
The IRS lets taxpayers know about the sanctions they may suffer, if they make contentious claims. If they challenge the IRS authority with all kinds of frivolous arguments, the court may reject their case and impose sanctions.
No Small Penalties For Pursuing Frivolous Tax Arguments!
A ,000 penalty applies for filing frivolous tax returns, if the IRS considers that a taxpayer’s position is frivolous or if the claims a taxpayer makes impede the tax administration. In addition to this, taxpayers may be subject to other penalties such as the failure to file penalty, fraudulent failure to file penalty, and the civil fraud penalty. Some of the fines can reach up to 0,000 and might carry a prison sentence of up to 10 years. Is this something you really want to risk happening to you?
Seriously consider a tax adviser’s opinion, before you decide taking any positions against the IRS.
Don’t try to hide from the IRS using frivolous tax arguments! You may just make the matter worse than you’d care to deal with. The penalties for pursuing such arguments may be worse than your tax debt! Contact us today to start resolving your IRS issues the right way! Call us at (713)774-4467 or visit our contact page to send us a request!