Despite IRS warnings, many taxpayers continue to be duped by bad online tax advice. The tax agency and its Security Summit partners are renewing alerts about false social media claims “that promise to magically enrich taxpayers.” In particular, taxpayers are warned about claiming credits, including a nonexistent “Self Employment Tax Credit” and the Fuel Tax Credit that’s real but only applies in rare situations. Some social media scammers try to fleece taxpayers by demanding fees for their dubious advice. But many post false information online simply for views and clicks. Taxpayers are encouraged to ignore unsolicited advice and work only with trusted tax professionals. Contact us with any questions. © 2024