Avoid tax fraud and tax scams

Last week, I appeared on a special episode of CNBC's On the Money personal finance show, which was dedicated to frauds and scams. I was warning consumers about staying out of trouble with the IRS. Most notably, consumers need to avoid the scammers who advertise "pay pennies on the dollar to the IRS."

While it is possible to negotiate settlements with the IRS, most of the companies advertising these services do not provide value to taxpayers. Learn more in this video:

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