The IRS's annual list of tax scams serves as a warning to beware of a host of schemes new and old for exploiting the nation's tax laws and taxpayers. The IRS works with the Justice Department to pursue and shut down perpetrators of these and other illegal scams. Promoters frequently end up facing heavy fines and imprisonment. Meanwhile, taxpayers who wittingly or unwittingly get involved with these schemes must repay all taxes due plus interest and penalties.
(Movie poster by Frank McCarthy)