As part of its annual “Dirty Dozen” list of tax scams, the Internal Revenue Service warned taxpayers to avoid falsely inflating deductions or expenses on tax returns. Common areas targeted by unscrupulous tax preparers involve overstating deductions such as charitable contributions, padding business expenses, or improperly claiming credits such as the Earned Income

The Internal Revenue Service has warned taxpayers to avoid making improper claims for business credits, a common scam used by unscrupulous tax preparers. Two common credits targeted for abuse include the research credit and the fuel tax credit. While both credits have legitimate uses, there are specific criteria that must be met in order to

The Internal Revenue Service has warned taxpayers to be alert to unscrupulous return preparers touting inflated tax refunds. According to the IRS, these scam artists frequently prey on older Americans, low-income taxpayers, and others with promises of big refunds. These refund scams remain on the annual “Dirty Dozen” list of most common tax scams, particularly

The Internal Revenue Service today warned taxpayers against scam groups masquerading as charitable organizations, luring people to make donations to groups or causes that don’t actually qualify for a tax deduction. These phony charities, which attempt to attract donations from unsuspecting contributors using a charitable reason and a tax deduction as bait for taxpayers are

Continuing its daily “countdown” of the annual “Dirty Dozen” tax schemes, the Internal Revenue Service announced that return preparer fraud is the fourth entry on that esteemed list for 2018. With more than half of the nation’s taxpayers relying on someone else to prepare their tax return, the Internal Revenue Service reminded consumers today to

Today the Internal Revenue Service announced the third entry on its annual “dirty dozen” list of the tax schemes most commonly encountered by taxpayers during tax filing season. Even though instances of tax-related identity theft have declined markedly in recent years, the IRS warns that this practice is still widespread and remains serious enough to

Today the Internal Revenue Service announced the second entry on its annual “dirty dozen” list of the tax schemes most commonly encountered by taxpayers during tax filing season. The IRS said that aggressive phone scams where as criminals pose as IRS agents in hopes of stealing money remain a major threat to taxpayers. During filing

With the 2018 tax filing season in full swing, the Internal Revenue Service today announced that it would unveil its annual “Dirty Dozen” tax schemes over the course of the next twelve consecutive days. At the top of this year’s list are “phishing” schemes, which typically take the form of fake emails or websites looking