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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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12. Misuse of trusts. Schemes recommending that you transfer money into trusts to reduce your income and avoid paying taxes are common, and the IRS has seen a growing number of people improperly stashing money in private annuity and foreign trusts.

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