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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4. Illegal offshore bank accounts. The IRS has been cracking down on taxpayers illegally hiding income abroad. Launched in 2009, the agency's voluntary disclosure program has already raked in $5.5 billion from tax cheats for illegally hiding assets in offshore accounts.

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