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12 most common tax scams

Published On: Mar 27 2013 10:50:52 AM PDT   Updated On: Mar 19 2014 05:50:06 AM PDT

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.

Tax forms, taxes, money
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10. Pretending to earn zero income. Taxpayers who fall prey to schemes convincing them to file Form 4852 (a substitute W-2 form) or a corrected Form 1099 in order to falsely reduce their taxable income to zero could face a penalty of $5,000.

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