Continuing the list of 40 positions not to take on your federal income tax return because they have been deemed frivolous or fraudulent according to IRS:
20. A taxpayer may avoid tax on income by attributing the income to a trust, including the argument that a taxpayer can put all of the taxpayer’s assets into a trust to avoid income tax while still retaining substantial powers of ownership and control over those assets or that a taxpayer may claim an expense deduction for the income attributed to a trust, or similar arguments described as frivolous in Rev. Rul. 2006-19, 2006-15 I.R.B. 749.
Psst, remember: This is a list of positions NOT to take!!
