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Nov. 18, 2015

Beware 'taking the Fifth' on your returns

It is never good to have a legal argument called 'frivolous.' This is even truer when it comes to taxes.

Robert W. Wood

Managing Partner
Wood LLP

333 Sacramento St
San Francisco , California 94111-3601

Phone: (415) 834-0113

Fax: (415) 789-4540

Email: wood@WoodLLP.com

Univ of Chicago Law School

Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.

See more...

By Robert W. Wood and Scott B. Weese

Lawyers are probably more tax savvy than non-lawyers when it comes to the frivolous label. In a legal setting, it is never good to have an argument called "frivolous." That is even truer with taxes, where being called "frivolous" is one of the last things you ever want to happen.

It is a sore subject with the Internal Revenue Service. The IRS hears many frivolous arguments. They do not like them, not one little bit. They even h...

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