Question

If a taxpayer alters or strikes out the preprinted language above the space provided for the taxpayer’s signature on form 1040, he or she may have to pay a frivolous return penalty in which amount?

a. $100
b. $250
c. $500
d. $1,000

Answer 1

Altering or striking out preprinted language on Form 1040 may result in a frivolous return penalty of up to $5,000, which is not reflected in the provided multiple choice options.

Step-by-step explanation:

If a taxpayer alters or strikes out the preprinted language above the space provided for the taxpayer’s signature on Form 1040, they may be subject to a frivolous return penalty. The Internal Revenue Service (IRS) treats such acts seriously as they may reflect an intention to delay or interfere with the administration of federal tax laws. As of the most current information available to me up to early 2023, the penalty amount for filing a frivolous tax return can be as high as $5,000. While the specific choices provided in the question (a. $100, b. $250, c. $500, d. $1,000) do not include the correct amount, the intent is to address the consequences of submitting a return considered frivolous or reflective of a desire to impede the tax system.