U.S. IRS Assesses $162 Million in Penalties Over False Tax Credit Claims Tied to Social Media

The U.S. IRS has issued a release on penalties assessed in relation to false tax credit claims tied to social media.

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IRS assesses $162 million in penalties over false tax credit claims tied to social media

WASHINGTON — The Internal Revenue Service is alerting taxpayers about a growing number of fraudulent tax schemes circulating on social media that promote the misuse of credits such as the Fuel Tax Credit and the Sick and Family Leave Credit. These scams have led thousands of taxpay…