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Dec. 8, 2024Washington | By: Jeremy Werner
WASHINGTON - With tax season around the corner, the IRS is warning taxpayers to avoid misleading tax advice on social media, which could lead to filing inaccurate returns.
This alert highlights scams promising inflated refunds or nonexistent credits. One example involves scammers promoting a “Self Employment Tax Credit,” which doesn’t exist.
Others encourage fake claims using household employment or fuel tax credits, or falsified income and withholding. IRS officials state that shady advice on social media could result in audits, penalties, or even prosecution.
Taxpayers are advised to seek trusted sources like irs.gov or qualified tax professionals.
Taxpayers who suspect fraudulent schemes or improper returns are encouraged to report them. With tax season approaching, the IRS reminds everyone to verify tax advice and file legitimate claims to avoid trouble.