The Circle of Life -- The Zodiac Signs and the New Moon's Journey
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Rebecca Brents

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Playing the Quantum Field : How Changing Your Choices Can Change Your Life
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Brenda Anderson

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	Taurus Astrology Self Improvement for Taurus Avoiding Tax Scams by James H. Dimmitt Your Free Credit Report Now
Astrology, Tarot, and Self Improvement for the New Age.

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Avoiding Tax Scams
by James H. Dimmitt

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Tax season is here so it's time to be prepared for the scam artists who appear to want to help you keep your money, when in fact they are more interested in stealing it right from under your nose.

Worse yet, taxpayers can face heavy fines, payment of taxes owed with interest and penalties, and even imprisonment for taking part in these scams.

Here is a list of the "dirty dozen" tax scams which the IRS urges you to avoid:

1) Offshore Transactions - Use of an offshore account, trust or other arrangement to hide income or claim false deductions is illegal.

2) Identity Theft - beware of any suspicious letter from a bank requesting you to verify personal information in relation to your taxes. It may be a trick to try to defraud you and steal your identity.

3) Phony Tax Payment Checks - Con artists will try to sell false checks to use to make your tax payment. These checks have no financial value and are worthless.

4) Slavery Reparation Credit - There is no such credit due to african-american taxpayers as reparations for slavery. Beware of anyone offering to prepare your taxes who offers to file this credit for an additional fee. The IRS reports that this was the #1 scam of 2002.

5) No Taxes Withheld from Wages - it is illegal to ask your employer not to withhold federal income tax from your wages. This scheme is based on an invalid interpretation of tax laws.

6) Improper Home-based Business - you cannot deduct personal expenses and try to pass them off as business related expenses by setting up a "bogus" home-based business.

7) You've won a prize ! But you have to pay the taxes first - a caller will inform you that you've won a fabulous prize but in order to claim it you must pay the income tax due on the prize's value. Baloney ! Any taxes due for winning a prize are payable to the IRS, not the company or person offering the prize.

8) The Secret That Lets You Not Pay Taxes, only $49.95 - there is no secret way not to pay taxes. The U.S. courts have shown such arguments to be frivolous no matter what you've heard about taxes being "voluntary".

9) Social Security Tax Scheme - in this scam someone will offer to get you a refund of your social security taxes or overpayment for a fee and a percentage of the refund. There is no such thing as overpayment of social security taxes or a refund due to taxpayers.

10) Bigger Refund for a Fee - don't believe anyone who offers to help you get a bigger refund, especially without knowing what your tax situation is.

11) Sharing or Borrowing Earned Income Tax Credit (EITC) - it it illegal to split or share legitimate EITC in order to get the maximum credit allowed.

12) Home Collection of Taxes Due - Beware of anyone claiming to be an "agent" of the IRS and visiting your home to collect your tax payment. A legitimate agent of the IRS will carry a picture ID and normally call before any such visit. Also the IRS does not go door to door to collect payments.

More information about tax scams and schemes is available at the IRS home page IRS. Taxpayers who suspect tax fraud should contact the IRS hotline at 1-800-829-0433

Plain and simple there is no secret way to avoid paying taxes. When in doubt check with the IRS or a tax professional.

Copyright 2004, James H. Dimmitt Your Free Credit Report Now All rights reserved.

Note: This author's website is closed.

Copyright 2003, Your Free Credit Report
Author: James H. Dimmitt
James is editor of "To Your Credit" a FREE weekly newsletter for consumers. To Your Credit

Are you looking for more information on Money, Financial Management, Possessions, and Physical Pleasures?

Taurus is the astrology sign that deals specifically with Money, Financial Management, Possessions, and Physical Pleasures. Learn more about Taurus.
The information here tells all about Taurus Astrology.

Taurus Horoscope

An empty head is not really empty; it is stuffed with rubbish. Hence the difficulty of forcing anything into an empty head.
~ Eric Hoffer ~
Born July 25, 1902

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Last updated May 8th, 2004

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Astrology is for Believers.

With an open mind and a knowledge of Astrology you can watch your life unfold in ways that make sense.

You can recognize the subtle knock of real opportunity and the soft voice of invitations to personal growth because you know they're coming, where to look for them, and what they'll look like when they appear.

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Sometimes getting the right answer means asking the right question.

Life is full of hints, signs, and advice ... if you know where to look and what you're looking for.

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How to Find the Work You Love
By
Laurence G. Boldt