IRS Issues Fresh Warning in ‘Dirty Dozen’ List of Tax Scams US News | The Epoch Times https://ift.tt/ycB94zC The IRS has issued a warning to taxpayers and businesses about unscrupulous promoters who are falsely advertising the availability of Employee Retention Credits (ERCs) in order to gain fraudulent refunds. Taxpayers have been bombarded with inaccurate information on eligibility and computation of the credit, according to an IRS notice that adds ERC schemes as a new entry kicking off the agency’s annual Dirty Dozen list of tax scams. Unscrupulous promoters charging high fees and peddling false hopes of large tax deductions often come up with new ways to cheat the system and market them aggressively. “We urge honest taxpayers not to be caught up in these schemes,” IRS Commissioner Danny Werfel said in a statement. “The aggressive marketing of these credits is deeply troubling and a major concern for the IRS.”... March 21, 2023 at 03:44AM https://ift.tt/NWtaf0S Tom Ozimek https://ift.tt/OIChjDz
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