For more information, please contact Sean McCabe:
Phone: 1-877-437-4669 or Email: smccabe@FSITax.com

Tax settlement firm warns taxpayers about filing scams

Columbia, MD – February, 10, 2006 – Executives at Maryland-based FSI Tax Corp™ are urging taxpayers to look out for common tax scams as the April 17 filing date approaches.

The IRS released on February 7 its annual list of the 12 most common tax scams, known as the Dirty Dozen, that taxpayers should avoid. The IRS noted two new scams known as “zero wages” and “Form 843 tax abatement” in which filers use IRS forms to claim their tax bills are wrongly inflated. 

Other popular tax scams involve tax preparers who guarantee larger returns -- especially without full knowledge of a taxpayer’s situation -- or tax preparers who promise to eliminate taxes. These preparers charge inflated fees with the promise to get high tax returns but leave the taxpayer in debt to the IRS when inaccurate or excessive deductions are claimed which the IRS eventually finds illegitimate.

“You are ultimately responsible for your taxes,” said FSI Tax Corp ™President Sean McCabe. “Even if you are misled by a tax preparer, the IRS will hold you accountable as long as you signed your return.” McCabe as also warns that identity theft scams are prevalent around tax season. Taxpayers should always be aware of who is receiving personal financial information.

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