2006 List Of Tax Scams Released By Irs

2006 List Of Tax Scams Released By Irs



2018 List of​ Tax Scams Released by IRS
Every year,​ the​ IRS issues a​ list of​ tax scams .​
The goal is​ to​ alert taxpayers to​ the​ lack of​ merit of​ certain strategies as​ well as​ letting everyone know the​ IRS will not accept them.
2018 Scams
The IRS has kicked out its annual list of​ highly dubious tax scams for 2018 .​
Promoters often make these strategies sound credible,​ but they simply aren’t .​
If a​ taxpayer attempts to​ use one of​ the​ scams,​ the​ IRS will audit and aggressively attack the​ taxpayer as​ well as​ try to​ identify the​ promoter for prosecution .​
The 2018 list of​ scams contains most of​ the​ traditional claims .​
There are,​ however,​ three new areas being targeted by the​ IRS .​
They and a​ few others are highlighted in​ the​ following list .​
Two new schemes have worked their way onto the​ list in​ 2018 .​
In recent months IRS personnel have noted the​ emergence of​ the​ two scams––zero wages and Form 843 tax abatement–– in​ which filers use IRS forms to​ claim that their tax bills have been wrongly inflated.
Also high on​ the​ list in​ 2018 is​ phishing,​ a​ favorite ploy of​ identity thieves .​
Over the​ past few years,​ the​ IRS has observed criminals working through the​ Internet,​ posing even as​ representatives of​ the​ IRS itself,​ with the​ goal of​ tricking unsuspecting taxpayers into revealing private information that can be used to​ steal from their financial accounts.
1 .​
Zero Wages – a​ new addition to​ the​ list,​ the​ zero wages scam is​ designed to​ create a​ log jam in​ the​ system .​
a​ taxpayer is​ supposed to​ file a​ tax return with no wages claimed and notice of​ challenges to​ any W-2 or​ 1099 wage reports .​
In essence,​ the​ idea is​ to​ not pay taxes while the​ IRS tries to​ figure out what is​ going on​ .​
Ultimately,​ the​ goal is​ to​ get the​ IRS to​ accept a​ zero income tax return,​ which of​ course requires no payment of​ taxes .​
2 .​
Form 843 Tax Abatement – the​ tax abatement strategy is​ very creative .​
It is​ typically used for taxpayers who have failed to​ file taxes for a​ few years .​
In such a​ situation,​ the​ IRS will often assess taxes to​ the​ individual based on​ a​ variety of​ factors .​
The strategy is​ to​ abate this assessment and pay not tax by challenging the​ assessed amount as​ being calculated incorrectly .​
The IRS says it​ doesn’t fly,​ but it​ is​ a​ very creative strategy .​

3 .​
Identity Theft/Phishing .​
This isn’t so much a​ tax reduction scam as​ a​ nightmare wherein identity thieves try to​ obtain information from taxpayers by acting as​ IRS agents .​
Often they send out email as​ though they are from the​ IRS .​
the​ IRS never sends emails to​ taxpayers,​ so don’t respond to​ these emails .​
If you’re not sure,​ call the​ IRS and ask them if​ there is​ a​ problem .​
You can reach the​ IRS at​ 800-829-1040.
4 Credit Repair Companies – you​ see these companies everywhere .​
Some are legitimate while others are not .​
The ones that are not charge high fees and do almost nothing other than putting taxpayers on​ some kind of​ a​ payment plan .​
The IRS is​ currently revoking the​ tax-exempt status of​ many credit repair companies .​

5 .​
Offshore Strategies – a​ traditional area of​ angst for the​ IRS,​ offshore strategies continue to​ be closely watched .​
The IRS is​ hyper sensitive to​ such strategies and tries to​ shut them down .​
In 2018,​ 68 individuals were charged and convicted for promotion offshore tax scams and thousands of​ taxpayers were audited with nightmarish results .​
If you​ want to​ go offshore,​ make sure you​ get qualified advice from a​ tax professional and attorney .​
Don’t buy something off a​ web site.
There is​ a​ fine line between tax evasion and tax avoidance .​
Tax avoidance is​ legal while tax evasion is​ criminal .​
If you​ wish to​ pursue advanced tax planning,​ make sure you​ do so with the​ advice of​ a​ tax professional that is​ going to​ defend the​ strategy to​ the​ IRS.




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