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Social media claims cost taxpayers $162M, IRS says. See the ‘tips’ to avoid

The IRS says it is seeing “repeated instances” of taxpayers claiming Form 7202, even on income earned as an employee and not as a self-employed person. “Since 2022, the IRS has seen a surge in ...
Accounting Today

IRS fights misleading social media claims

The Internal Revenue Service has stepped up its efforts to combat dubious advice that has been proliferating on social media promoting tax schemes involving the Fuel Tax Credit, the Sick and Family ...
al.com

Don’t believe what you see on social media, the IRS warns

Bogus claims on social media are nothing new. But when it comes to taxes, misleading information on social media can lead to financial or even legal problems, the Internal Revenue Service warns.
WGN Radio

Social media claims cost taxpayers $162M, IRS says. See the ‘tips’ to avoid

(NEXSTAR) – The self-described tax experts of TikTok and other social media sites have cost American’s $162 million in penalties since 2022, the IRS said in a news release Monday. Advice on the most ...