12 most common tax scams

Published On: Mar 27 2013 12:50:52 PM CDT   Updated On: Jan 21 2015 02:00:37 AM CST

As tax season begins, the IRS warns taxpayers to be on high alert for common scams. 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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