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| 1. | The Dirty Dozen - As Reported by the IRS |
| 2. | New Tax Scam Targets Potential Recipients of Advance Child Tax Credit |
Prospective clients often ask me if these refunds are legal. This is a legitimate question. The answer is - yes, they are legal. Think of the child tax credit as the American version of Israel’s monthly child allowance. Rather than a monthly stipend, the American government gives citizens a break on their taxes.
Not only are they legal, but many American citizens who do not claim their refund, simply because they neglect to file their returns, are in violation of the law! Married couples in 2002, for example, are required to file if they earn more than $13,850. This is true even if the couple will not owe any American taxes. See publication 54, page 3 for further details.
Nonetheless, tax scams do continue to find their mark, and the IRS continues
to prosecute scammers. Listed below are the top twelve scams as reported
by the IRS. Beyond the "Dirty Dozen," the IRS sees many more tax
schemes. Some examples include home-based business scams, disabled access
credit for pay phones and a variety of improper abusive trusts.
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New Tax Scam Targets Potential Recipients of Advance Child Tax Credit
Here is another one about scammers prying credit card numbers from their targets with a promise about speeding up their advances.
5 back to the top