Every year, the IRS posts its version of the “Dirty Dozen”- the 12 most prevalent tax scams out there for the year.  Following/implementing any of these scams is a sure way to trouble with the IRS, including possible criminal or civil fraud charges.  Remember- tax evasion is a crime while tax avoidance is wise tax planning.  With all of the favorable tax laws (for those who are aware of these laws!) available for all business owners, real estate investors, stock market traders and individuals, there is no reason to attempt something illegal rather than doing legal tax planning.

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