Tax Scam Alert

The IRS releases a list each year to warn taxpayers about common tax scams.The intent of issuing such a list is to protect the public, warn scammers and to help the masses and unsuspecting taxpayers avoid penalties and interest that may result from an illegal scam.

Here is the IRS Dirty Dozen list:

1. Identity Theft

2. Phone Scams

3. Phishing

4. Scammers Promising Free Money from Inflated Funds

5. Return Preparer Fraud

6. Hiding Income Offshore

7. Impersonating a Charity

8. Reporting False Income, Expenses or Exemptions

9. Falsely Claiming Zero Wages or Using a False 1099

10. Frivolous Arguments

11. Abusive Tax Structures

12. Misuse of Trusts

Source: www.irs.gov

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