IRS: Offshore tax cheating remains on ‘Dirty Dozen’ list of tax scams

Internal Revenue Service press release ------- Avoiding taxes by hiding money or assets in unreported offshore accounts remains on the IRS “Dirty Dozen” tax scams for 2018, the agency said today. This long-running scheme to hide money in international accounts to avoid paying taxes has been a major focus for the IRS in recent years. Taxpayers should remain wary of these schemes given the continuing focus on this by the tax agency and the Justice Department. Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter anytime, including offshore schemes. Many of these schemes peak during filing season as people prepare their tax returns or seek help with their taxes. To learn more click on the picture below to read the release.