12 Dirtiest Tax Schemes

of 1313Photo
  • crime, IRS, taxes
  • taxes, IRS
  • IRS, taxes
  • IRS, taxes
  • IRS, taxes, crime
  • taxes, IRS
  • Identity Theft
  • Phishing, identity theft
  • fraud, income tax
  • crime, income tax
  • crime, income taxes
  • charities, crime, taxes
  • fraud, income tax, IRS

Misuse of Trusts

For years, scammers have coerced taxpayers into transferring their assets into trusts. The IRS warns that while there are legitimate uses of trusts in tax and estate planning, some transactions falsely promise reduction of income subject to tax, deductions for personal expenses and reduced estate or gift taxes. These types of trusts are primarily used as a means of avoiding income tax liability and hiding assets from creditors, including the IRS. (Photo: Justin Sullivan/Getty Images)