19

Tax Scams and Other Shams

The money is the same, whether you earn it or scam it.

—Bobby Heenan

Who said crime doesn’t pay? Look at how much Madoff made.

—Anonymous

Chapter Overview

This chapter covers the following:

1.   Tax scams such as:

a.   Phishing scams

b.   Economic stimulus scams

c.   Frivolous tax arguments

d.   Fuel credit scams

e.   Hiding income offshore

f.   Abusive retirement scams

g.   Claiming zero wages

h.   Filing false claims for refunds

i.   Return-preparer tax fraud

j.   Disguised corporate ownership

k.   Misuse of trusts

l.   Abuse of charitable contributions and organizations

m.   Slavery tax credits

2.   Investment scams

a.   Ponzi schemes

b.   Trading software scams

c.   High-priced training scams

3.   Inheritance ...

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