Troublesome Tax Myths

The Internal Revenue Service is reminding taxpayers that falling for common tax season myths could land you in hot water. Due to just about everyone having access to the Internet many of these popular myths are more commonly used as excuses for not paying taxes or filing a tax return. Unfortunately if you mistakenly believe some of these myths you could end up in trouble with the IRS. Here we look at common myths that abound during tax season which should not be taken as sound advice least you end up waging a war with the IRS.
Taxes are voluntary - An argument that is gaining ground among citizens claims that the tax system itself is voluntary. Despite that fact that the word “voluntary” does appear in the instruction book for Form 1040 provided by the IRS themselves, paying taxes is definitely not voluntary. If that were the… read more
