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  2. www.irs.gov › newsroom › irs-warns-taxpayers-aboutTaxpayers urged to talk to a trusted tax professional, not ...

    Jul 15, 2024 · Social media and promoters are spreading misleading information about a non-existent tax credit for self-employed people and gig workers. The IRS urges taxpayers to consult a trusted tax professional and avoid filing false claims that could lead to refund delays and penalties.

  3. www.irs.gov › newsroom › learn-the-warning-signs-ofLearn the warning signs of Employee Retention Credit scams

    Jul 24, 2023 · The IRS advises businesses and tax-exempt organizations to beware of misleading claims and aggressive marketing for the ERC, a COVID-era tax credit. Learn the eligibility requirements, the warning signs of a scam, and how to avoid penalties and interest for improper claims.

  4. www.irs.gov › newsroom › irs-opens-2023-dirty-dozenIRS opens 2023 Dirty Dozen with warning about Employee ...

    • Beware of ERC Promotions
    • Properly Claiming The ERC
    • Reporting Tax-Related Fraud and Scams
    • GeneratedCaptionsTabForHeroSec

    While many eligible employers claimed and have already received the ERC, some third parties continue to widely advertise their services targeting taxpayers who may not be eligible for the ERC. Unfortunately, these advertisements, along with the increased prevalence of websites touting how easy it is to qualify for the ERC, lend an air of legitimacy...

    See full list on irs.gov

    Eligible taxpayers can claim the ERC on an original or amended employment tax return for qualified wages paid between March 13, 2020, and Dec. 31, 2021. However, to be eligible, employers must have: 1. Sustained a full or partial suspension of operations due to orders from an appropriate governmental authoritylimiting commerce, travel or group meet...

    See full list on irs.gov

    Employers should report instances of fraud and IRS-related phishing attempts to the IRS at phishing@irs.gov and to the Treasury Inspector General for Tax Administration at 800-366-4484. Besides the promotion of ERC claims to employers who are not eligible for the credit, there are many other scams and schemes the IRS is warning individuals, busines...

    See full list on irs.gov

    The IRS added widely circulating promoter claims involving Employee Retention Credits as a new entry in the annual Dirty Dozen list of tax scams. These credits are not available to just anyone and the IRS is actively auditing and conducting criminal investigations related to these false claims.

    See full list on irs.gov

  5. federaltaxcredits.org › is-setc-legitIs SETC Legit? Legitimacy Of Self Employed Tax Credit

    SETC is a legitimate tax credit for self-employed individuals affected by the pandemic. Learn the eligibility criteria, claiming process, and expert opinions on this credit.

  6. www.freep.com › story › moneyDon't try your luck with oddball tax advice, like claiming ...

    Jul 22, 2024 · Fuel tax credit: Unscrupulous tax return preparers inflated refunds by erroneously claiming the fuel tax credit by filing Form 4136, Credit for Federal Tax Paid on Fuels.

    • Susan Tompor
    • Personal Finance Columnist

  7. www.msn.com › en-us › moneyIRS Warns Public About False “Self Employment Tax Credit” Claims

    The IRS alerts the public about misleading social media ads that promise a big payday for self-employed workers based on a non-existent credit. The credit being promoted is actually the Credits for Sick Leave and Family Leave, which have specific and limited criteria and cannot be claimed on 2023 tax returns.

  8. www.nbcnews.com › news › investigationsBogus 'tax service specialists' duped business owners in ...

    Apr 16, 2024 · IRS officials say the Employee Retention Tax Credit program has been a magnet for unscrupulous promoters who filed a “tsunami of bad claims.”