In this second installment of our overview of the 2024 Dirty Dozen, we look at the stern warnings issued by the IRS regarding scammers who promote schemes designed to evade taxes, scams targeting the wealthy, and dubious social media advice. Continue reading to help prepare your practice against tax scams and schemes.…

Read more about Tax Fraud and Scams Online and Offshore: The IRS Dirty Dozen, Part 2

Abusive trusts, abusive micro-captive insurance shelters and abusive syndicated conservation easements are three variations on the same theme, using existing tax structures to extract rewards the taxpayer doesn’t qualify for.…

Read more about Dirty Dozen: These Tax Scams Leave the Taxpayer Bruised

The Internal Revenue Service has issued a warning to taxpayers and tax preparers not to use frivolous tax arguments as a basis for not paying taxes.…

Read more about Dirty Dozen: Frivolous Tax Arguments Mean Trouble

In recent years, the federal government has tried varying strategies to entice wealthy individuals and corporations to report and retrieve funds squirreled away in offshore accounts.…

Read more about Dirty Dozen: Hiding Funds Offshore is Still a Crime

The Internal Revenue Service is warning taxpayers and tax professionals against improperly claiming various business tax credits, which has become a common tax scam.…

Read more about Dirty Dozen: Avoid Improper Claims for Business Credits

Scammers posing as relief organizations are ready and willing to take your donation for disaster relief—and put it into their pockets.…

Read more about Dirty Dozen: Donate Cautiously to Disaster Relief

Let’s face it: It’s never a good idea to be anything but truthful when it comes to filling out an income tax return. It’s a warning the Internal Revenue Service is making to taxpayers and tax preparers alike.…

Read more about Dirty Dozen: Resist Temptation to Pad Deductions

The Internal Revenue Service is reminding taxpayers just to think inside the box when it comes to completing their tax returns. In other words, steer clear of any schemes that falsify income or create fake Forms 1099.…

Read more about Dirty Dozen: Bogus Income but Very Real Refunds

With the new income tax law passed in late 2017 came lots of changes to the tax code. Deductions, exclusions, credits, just about everything the average taxpayer deals with saw some sort of change.…

Read more about Dirty Dozen: Choose Your Tax Preparer Wisely

The incidence of tax-related identity theft has decreased in recent years, largely due to the hard work of the Internal Revenue Service and its Security Summit partners. However, identity theft is still serious enough to be included on this year’s “Dirty Dozen” list of scams from the IRS.…

Read more about Dirty Dozen: Identity Theft Down, But Far From Out