Social Media Misinformation Prompts IRS Warning on Tax Scams

The IRS warned consumers about tax scams and misleading advice on social media causing thousands to file improper claims, and delaying their refunds. These scams involve the Fuel Tax Credit, Sick and Family Leave Credit, and household employment taxes, with taxpayers falsely claiming credits they don’t qualify for. Scammers also invent household employees to claim bogus refunds. Social media has perpetuated these false claims, leading to extensive IRS reviews and delays. Misleading claims can result in penalties of up to $5,000 per return, audits, and potential criminal prosecution. The IRS advises taxpayers to consult reputable tax professionals to resolve these issues.

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