A tax scam to be wary of this tax season is third-party promoters pushing improper Fuel Tax Credit claims. Improper credits continue to be an area of focus for IRS auditors. The Fuel Tax Credit is meant for off-highway business and farming use and, as such, isn’t available to most taxpayers. However, unscrupulous promoters are enticing taxpayers to inflate their refunds by erroneously claiming this credit. The promoters are focused on taking advantage of the taxpayer with inflated fees, refund fraud and identity theft. Indeed, the IRS has seen an increase in the promotion of filing certain refundable credits using Form 4136, Credit for Federal Tax Paid on Fuels. Any questions? Reach out to Cg. © 2023
28
Mar