The IRS continues to warn the public about tax-related scams and myths making the rounds on social media. The scams involve the Fuel Tax Credit, a COVID-19-related employer credit for employees taking sick and family leave during the pandemic, household employment taxes and overstated withholding. These scams are aimed at helping taxpayers use false and questionable information to obtain huge refunds. The IRS said thousands of inflated refund claims have been filed. Those who filed such claims may receive an IRS letter requiring authentication or stating a tax return is frivolous. Here’s a list of FAQs with more information: https://bit.ly/45Wm98S
The IRS continues to warn the public about tax-related scams and myths making the rounds on social media. The scams involve the Fuel Tax Credit, a COVID-19-related employer credit for employees taking sick and family leave during the pandemic, household employment taxes and overstated withholding. These scams are aimed at helping taxpayers use false and questionable information to obtain huge refunds. The IRS said thousands of inflated refund claims have been filed. Those who filed such claims may receive an IRS letter requiring authentication or stating a tax return is frivolous. Here’s a list of FAQs with more information: https://bit.ly/45Wm98S