Dirty Dozen Tax Scams: #6 NonTaxable Social Security With Large Witholding Credit

2011 Dirty Dozen Tax Scams According to IRS, will be listed and explained to the informed Tax Payer.

#6 Nontaxable Social Security Benefits with Exaggerated withholding Credit  - Taxpayers report nontaxable Social Benefits with Excessive withholding. The net result is no reported income to the IRS on the Tax return.  Often the withholding amount and the reported Income are both Incorrect. Tax Payers are advised Not to file such returns. Filing such Tax Returns may result in $5000.0 Penalty.

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