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IRS Warns: For Self-Employment Tax Credits, Skip Social Media and Consult a Pro!
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Subscribe18 JUL 2024 / IRS UPDATES
The IRS has warned about a scam spreading on social media claiming the existence of a "Self-Employment Tax Credit". The tax agency stated this is a false version of the limited Credits for Sick Leave and Family Leave, which were part of the pandemic relief measures and do not apply to 2023 tax filings. Misleading taxpayers into thinking they are due a substantial payday from this non-existent credit could result in penalties and interest for those trying to exploit the system. The warning also highlighted the risk of trusting unsupported claims on social media and emphasized the necessity of consulting trusted tax professionals.
Hey there, tax professionals, we are here with another crucial update! You might have seen some buzz on social media about a so-called “Self-Employment Tax Credit” promising hefty payouts. Well, hold onto your calculators because the IRS just dropped a ma...
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