diff --git a/calc.go b/calc.go
index 2a71c0e842..9b8bdcee72 100644
--- a/calc.go
+++ b/calc.go
@@ -15099,8 +15099,9 @@ func (fn *formulaFuncs) IF(argsList *list.List) formulaArg {
 		default:
 			result = newStringFormulaArg(value.Value())
 		}
+		return result
 	}
-	return result
+	return newBoolFormulaArg(false)
 }
 
 // Lookup and Reference Functions
diff --git a/calc_test.go b/calc_test.go
index c6349379f8..9387ec8c6f 100644
--- a/calc_test.go
+++ b/calc_test.go
@@ -2155,6 +2155,8 @@ func TestCalcCellValue(t *testing.T) {
 		"IF(2>0,(1),4)":                           "1",
 		"IF(2>0,(A1)*2.5,4)":                      "2.5",
 		"IF(VALUE(B3)=1,0,1)":                     "1",
+		"IF(1=2,1)":                               "FALSE",
+		"IF(1=2,1,IF(1=2,1))*2":                   "0",
 		// Excel Lookup and Reference Functions
 		// ADDRESS
 		"ADDRESS(1,1,1,TRUE)":            "$A$1",