Ullmann & Company, PC
2017ís Dirty Dozen Tax Scams

The IRS recently released its annual list of the top 12, or DirtyDozen, tax scams. 
  1. Phishing schemes:  Fake email or websites that trick taxpayers or practitioners into giving personal information.
  2. Phone scams:  Aggressive and threatening phone calls from criminals impersonating IRS agents.
  3. Identity theft.
  4. Unscrupulous tax return preparers.
  5. Fake charities:  Scam artists steal money and personal information from unsuspecting (and well meaning) taxpayers.
  6. Falsely inflating refund claims:  This scam takes may forms, including unscrupulous tax preparers contacting elderly or low-income taxpayers.
  7. Excessive claims for business credits:  Principally fuel tax credit scams and research tax credit scams.
  8. Padding deductions:  Falsely claiming deductions and expenses or credits.
  9. Falsifying income to claim tax credits:  Reporting fraudulent earned income to qualify for certain tax credits, such as the EITC, which requires taxpayers to have incomed earned from a job.
  10. Abusive tax shelters.
  11. Frivolous tax arguments:  Common arguments are that taxpayers can avoid paying taxes on religious or moral grounds by invoking the First Amendment to the Constitution.
  12. Offshoretax cheating:  Hiding money or other assets in unreported offshore accounts.

  

The Tax Adviser

May 2017


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Business Tip of the Month
Financial Tip of the Month
Tax Tip of the Week
Fraud Alert
 

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Ullmann & Company, P.C.
4647 N. 32nd Street
Suite 220
Phoenix, AZ 85018
(602) 224-0166
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