Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
The IRS announced the "Dirty Dozen" Tax Scams for 2006. New to this year’s list is the "zero wages" scam, in which taxpayers filed "corrected" Form 1099s or Form 4852 (substitute Form W-2) to zero out earnings. The IRS is having none of it, so watch out—violators can owe back taxes and penalties and in some cases face jail time.
Important: Don’t be duped into e-mailing your personal information to scammers pretending to be from the IRS and offering to expedite a refund claim or process an online payment for you. This government agency already has your information and never contacts taxpayer by e-mail.
Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.
To submit a tip for consideration, first check our archive of previous tips to make sure you're not repeating a tip someone has already contributed. Then send the tip to Small Business channel contributor Michelle Dammon Loyalka. Because of the volume of material she receives, she may not respond to each individual.