Be forewarned: The IRS wants taxpayers to stop using "frivolous" arguments to claim deductions or avoid taxable income. 

 For education purposes, the IRS has prepared "The Truth About Frivolous Tax Arguments."

 This document debunks several frivolous arguments used in the past. You can find it online at the IRS Web site. 

What's at stake? The penalty for submitting a tax return identified by the IRS as being frivolous was recently hiked from $500 to $5,000.

TAX ADVICE DISCLAIMER: In accordance with IRS Circular 230, any tax advice included in this communication, including attachments, is not intended or written to be used, and cannot be used by you or any other person or entity, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions, nor may any such advice be used to promote, market or recommend to another party any transaction or matter addressed within this communication. If you would like such advice, please contact us.