As part of its annual Dirty Dozen list of tax scams, the U.S. IRS has warned of three tax traps for high-income filers.
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Dirty Dozen: High-income filers vulnerable to illegal tax schemes; face risk from improper art donation deductions, charitable remainder annuity trusts, monetized installment sales
IR-2024-104, April 10, 2024
WASHINGTON — As part of the Dirty Dozen campaign, the Internal Revenue Service warned wealthy individuals about three tax traps designed for them by dishones…