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The IRS issued it's newest "Dirty Dozen" list of tax scams yesterday. The list:
Phishing Scams Related to Economic Stimulus Payment Frivolous Arguments Fuel Tax Credit Scams Hiding Income Offshore Abusive Retirement Plans Zero Wages False Claims for Refund and Requests for Abatement Return Preparer Fraud Disguised Corporate Ownership Misuse of Trusts Abuse of Charitable Organizations and Deductions
The following scams from 2007, while still "dirty," fell off the dozen list:
Telephone Excise Tax Refund Abuses Abusive Roth IRAs American Indian Employment Credit Trust Misuse Structured Entity Credits Form 843 Tax Abatement
While Abusive Roth IRAs seemed genuinely pleased that her sister Abusive Retirement Plans made the list, Trust Misuse broke into tears and stormed out of the awards ceremony.
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to