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IRS Releases 2020 Dirty Dozen List: What Made the Cut?

By Anthony P. Daddino, P.C. on July 16, 2020

Sometimes it better not to be noticed. And that is certainly true when it comes to the IRS’ Dirty Dozen list – the IRS’ proverbial “naughty” list of abusive transactions, fraudulent schemes, and criminal scams. In the list for 2020 released today, the IRS focuses on scams that target taxpayers.   And for the first time since 2014, the IRS leaves off one allegedly-abusive transaction.  

So what got a free pass this year?   You guessed it:  microcaptive insurance.   That being said, the IRS was quick to point out that “an upcoming series of press releases will emphasize the illegal schemes and techniques businesses and individuals use to avoid paying their lawful tax liability. Topics will include such scams as abusive micro captives and fraudulent conservation easements.”  Indeed, the IRS’ two favorite pet projects – microcaptives and syndicated conservation easements – are alive and well. 

Those scams making the list for 2020 include:  phishing, fake charities, impersonator phone calls, social media scams, refund theft, fraud against senior citizens, scams of non-English speaking persons, unscrupulous return preparers, offer in compromise mills, fake tax refunds with repayment demands, payroll and HR scams, and ransomware.  For more information on all of these identified scams, follow this link:  https://www.irs.gov/newsroom/irs-unveils-dirty-dozen-list-of-tax-scams-for-2020-americans-urged-to-be-vigilant-to-these-threats-during-the-pandemic-and-its-aftermath.

If you have any questions about this blog post or any other tax-related matter, please do not hesitate to contact me at (214) 749-2464 or adaddino@meadowscollier.com