Each year the Internal Revenue Service ranks the most common scams people may face when they do their taxes. The IRS says these ‘Dirty Dozen,’ which range from identity theft to “free money”, peak during filing season.
No. 12: Misuse of trusts The IRS described the potential pitfalls of a trust this way: "Such trusts rarely deliver the tax benefits promised and are used primarily as a means of avoiding income tax liability and hiding assets from creditors, including the IRS." ATTA KENARE/AFP/GETTY IMAGES Buy Photo