Each year, the IRS releases a list of the most prevalent tax scams, known as the “Dirty Dozen,” to help taxpayers avoid fraudulent schemes that can lead to financial and legal troubles. One significant scam is the rise of Offer in Compromise (OIC) Mills, where unscrupulous entities falsely promise to negotiate with the IRS to reduce tax debts, often charging hefty upfront fees for ineffective or non-existent services.
The IRS recently released its annual “Dirty Dozen” list of prevalent tax scams that business owners need to watch out for, ranging from phishing attempts and employee retention credit fraud to fake charities and abusive tax avoidance schemes. By being aware of these common scams and taking proactive measures, businesses can protect themselves from costly penalties, identity theft, and legal consequences