With less than a month until Tax Day, the Internal Revenue Service (IRS) is reminding taxpayers to be on the lookout for tax scams. The IRS has issued its annual "Dirty Dozen" list of tax scams, highlighting a variety of schemes. Here's the list of the IRS "Dirty Dozen" scams for 2018:1. Many focus on refundable tax credits like the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) to get a larger refund - that's why Congress delayed issuing tax refunds tied to those credits. Refundable tax credits typically require earned income to qualify, which may provide an incentive to lie about income.

Source: Forbes March 22, 2018 16:30 UTC