12 most common tax scams

Published On: Mar 27 2013 12:50:52 PM CDT   Updated On: Mar 19 2014 07:50:06 AM CDT

The IRS warns taxpayers to be on high alert for common tax scams that pop up during tax season. Take a look at the annual "dirty dozen" list released by the IRS.

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7. Exaggerated income and expenses. Reporting higher income or expenses so that you qualify for bigger refundable credits may sound tempting, but doing this can get you in big trouble with the IRS.

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