IRS 2012 Dirty Dozen Tax Scams List Released

The Internal Revenue Service has released their Dirty Dozen Tax Scams listing for 2012, and yet again, exempt organizations make the list, at least indirectly. For, I believe, the fifth consecutive year, one of the Dirty Dozen Tax Scams involves the abuse of charitable organization and charitable deductions. More specifically, the Internal Revenue Service will continue to attempt to uncover the intentional abuse of §501(c)(3) organizations, including arrangements that improperly shield income or assets from taxation and attempts by donors to maintain control over donated assets or the income from donated property. Additionally, the Internal Revenue Service is continuing to scrutinize the donation of non-cash assets, including situations in which several organizations claim the full value of the same non-cash contribution.

Please see full IRS Dirty Dozen Tax Scams for 2012 listing here