Drew Miles Reviews Scams Facing Taxpayers
Author: Drew Miles

No one wants to pay more taxes than they are lawfully required
to. But sometimes in their quest for lower taxes, many people
will fall prey to many scams that promise a lower tax bill. In
the end, these scams are always more trouble than they are
worth.

My name is Drew Miles, and I am known as the Tax Savings
Attorney. My goal is to help as many people lower their taxes to
the absolute legal minimum, without any risk of facing problems
with the IRS. I don't want anyone going through an audit or
facing IRS penalties, so I want to show you a few common tax
scams to look out for.

One of the most common scams comes from those who oppose any
taxation by the IRS. They claim that there is no law requiring
you to pay taxes, and they say that filing is voluntary. Whether
or not the law is on their side, if you don't file your taxes,
the IRS is going to come after you. A similar scam is to file a
"zero return" claiming no income. This raises a huge red flag
with the IRS, and is going to get you in trouble.

Another common scam comes from those who prepare your taxes,
and claim they can greatly reduce your taxes or promise you a
large refund. Dishonest return preparers can cause many
headaches for taxpayers who fall victim to their schemes. Such
preparers derive financial gain by skimming a portion of their
clients' refunds and charging inflated fees for return
preparation services.

Taxpayers should choose carefully when hiring a tax preparer.
As the old saying goes, "If it sounds too good to be true, it
probably is." And remember, no matter who prepares the return,
the taxpayer is ultimately responsible for its accuracy. Since
2002, the courts have issued injunctions ordering dozens of
individuals to cease preparing returns, and the Department of
Justice has filed complaints against dozens of others. During
fiscal year 2005, more than 110 tax return preparers were
convicted of tax crimes.

One common scam involves offshore transactions. Individuals
continue to try to avoid U.S. taxes by illegally hiding income
in offshore bank and brokerage accounts or using offshore credit
cards, wire transfers, foreign trusts, employee leasing schemes,
private annuities or life insurance to do so. The IRS and the
tax agencies of U.S. states and possessions continue to
aggressively pursue taxpayers and promoters involved in such
abusive transactions. If you think that an offshore account is
the ticket to lower taxes, you need to think again.

People always ask me "Drew Miles, with all these scams out
there, how can I legally lower my taxes?" The short answer is by
taking advantage of the overlooked legal tax deductions, which
can drastically reduce your taxable income. The most powerful
tax saving strategy you can use is to clearly understand the
distinction between your personal and business expenses, and
work to legally convert your largest personal expenses into
legitimate business expenses. Its the small items that most
preparers overlook that add up to big savings.

When you apply legal tax saving strategies to your finances,
your taxes will not only be lower than if you had listened to
any of these unscrupulous tax scammers, but you will not have to
worry about being challenged by the IRS.


About The Author: I have spent years studying the tax code
looking for ways to help people lower their tax bill and keep
more of what they earn. Drew Miles Find Out More:
http://www.taxsavingconcepts.com