Scams - Tax Scams
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Taxpayers are always searching for a way to evade taxes and people operating tax scams are on the look out of such preys. Opting for various side schemes believing that it would help them lower their tax bills such people fall a greater victim and in the end they have to part with the cash as well. The federal law is uniform and you cannot expect to get any consideration even if you have been cheated. The law makes it mandatory for you to bear the taxes with a probable fine for trying unscrupulous means of tax evasion. You have to pay it to the Internal Revenue Service.
Most of the tax evasion schemes are grossly false while certain others manipulate legal write-off and apply them illegally. The common and costly schemes that dupe you are "Claim of Right" doctrine, Credit counseling charlatans, Corporation Sole statutes, Offshore tax shelters, Improper charitable deductions, etc. Some people find difficulty in filling the tedious IRS forms and realize that they require money management aid from an external source. This may culminate in further trouble as some credit repair companies do not provide satisfactory work. The IRS helps consumers choose the dependable credit counseling agencies that provide effective financial counseling.
Religious groups meet a different treatment under tax laws. To get the privilege you have to prove your claim to be authentic. The con artists prompt individuals to show their organization to be a religious nonprofit yielding one. Promoters putting forward fraudulent schemes urge taxpayers to change their assets into trusts. People are finding yet another route to tax exemption. There is a growing trend of hiding taxable income by opening accounts in tax-haven countries. The rigorous measures adopted by IRS has yielded more than $170 million under taxes, penalties and interests by tracing illegal offshore accounts.
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