Tax season can be a costly, confusing time of year, with Uncle Sam expecting an on-time tribute and all sorts of schemers angling to steal refunds. The history of tax fraud is just as long as that of taxes, you see.
But no one wants to deal with the monetary loss, credit-score damage or hassle that can accompany tax scams. So it’s important to have at least a basic understanding of what the most common types of tax fraud are as well as how to thwart them. Eileen Taylor, associate professor of accounting, spoke specifically about tax fraud in this story. Read her comments and other tips in this story posted by WalletHub.