TaxFraud

A series of major problems and the whiff of potential fraud at a tax-prep company called "Mo Money Taxes" are a scary reminder: Be smart about selecting the professional who helps with your tax return. Here are some tips to help you avoid the shady characters.

Don't try this at home: The IRS has announced its annual list of tax scams to avoid. The list, referred to by the IRS as the "dirty dozen" tax scams, was recently published for 2011. Not surprisingly, in the wake of convictions in the UBS scandal, hiding offshore income topped the list of schemes...

As Tax Day creeps closer, tax refund scams are on the rise. A number of fake tax refund schemes have been made public in recent days, as the Justice Department appears to be stepping up enforcement. Just yesterday, the Justice Department announced that Idrissa Bassoum, formerly of Cincinnati, had...

When consumers think about tax fraud, they typically think about the individuals who fail to report all their income or who take bad deductions. Many times the professional tax preparers themselves are forgotten, even though they can be willing participants in the fraud (and sometimes they're the...

Sharon Kukhan is known for selling a tax "decoder" scheme to help taxpayers avoid paying federal income taxes. She claimed she could "decode" the taxpayers' tax records to show that they were not required to pay income. Her system was based on the lie that clients did not have to pay income taxes...

The Internal Revenue Service has released its 2008 list of the 12 scammiest tax scams, with internet phishing and frivolous tax arguments topping the list. The IRS puts this list together each year to keep consumers aware of the latest and greatest tax scams -- and to help them avoid being taken in...

The Internal Revenue Service says that from 1999 to 2004, actor Wesley Snipes didn't file tax returns... and his income during that time was a whopping $37.9 million. What's more, he was told in 2002 that he was being criminally investigated, but he continued to not file. How did this happen? Apart...