IRS Debunks "Frivolous" Tax Arguments

With the tax filing deadline just a couple short months away, the IRS has come out with their annual reminder that certain tax positions are "frivolous" and should not be claimed by taxpayers. The "frivolous" list for 2010 includes the following positions:

1. Claiming Rep. Nancy Pelosi (CA-D) as a dependent on your individual tax return.
2. Claiming a charitable contribution for your share of the bailout provided to Wall Street.
3. Claiming a loss for the value of your soon-to-be-disavowed Social Security benefits shown on your annual Social Security Statement.
4. Refusing to pay any federal tax owed by demanding a "Goldman-style" government bailout.

Of course, who needs to file a return with a frivolous tax position when you can just not include income or pay your tax bill and chalk it all up to an honest "mistake" (yes, I'm referring to you Tim Geithner and yes, you too Tom Daschle).