Tuesday, April 14, 2009

Too good to be true?

If it sounds too good to be true, it probably is. Yesterday, the IRS issued a list of tax scams, including bogus schemes to avoid paying taxes altogether. The IRS urges taxpayers to avoid these common schemes, which it refers to a the 2009 "Dirty Dozen" tax scams: 1. Phishing 2. Hiding Income Offshore 3. Filing False or Misleading Forms 4. Abuse of Charitable Organizations and Deductions 5. Return Preparer Fraud 6. Frivolous Arguments 7. False Claims for Refund and Requests for Abatement 8. Abusive Retirement Plans 9. Disguised Corporate Ownership 10. Zero Wages 11. Misuse of Trusts 12. Fuel Tax Credit Scams

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