The IRS recently published their list of Five Tax Scams to Avoid This Summer (IRS Summertime Tax Tip 2011-08) – but I’d say summer or not you should avoid these:
Hiding income offshore, identity theft and return preparer fraud topped the IRS’s list of tax scams in 2011. The Internal Revenue Service issues an annual list of the top 12 tax scams, known as the “Dirty Dozen.” These scams are illegal and can lead to significant penalties and interest and possible criminal prosecution.
Here are five year-round scams every taxpayer should know about.
1. Hiding Income Offshore The IRS aggressively …Read More
Once considered the untouchable “third rail” in politics, talk of reforming Social Security is now on the table. Not that much is being accomplished at this time aside from casting blame and using scare tactics, but it does seem that at long last we may see some real reform to keep the system liquid.