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Written by editor
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Saturday, 19 January 2008 |
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In 2006, Congress increased the penalty for frivolous tax returns
from $500 to $5,000. The increased penalty amount applies when a person submits
a tax return or other specified submission, and any portion of the
submission is based on a position the IRS identifies as frivolous.
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Last Updated ( Friday, 14 March 2008 )
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