The IRS has released its annual Dirty Dozen list!
Melinda M. Tolbert EA
Tax Relief Expert | Enrolled Agent (EA), Certified Negotiation Expert
The IRS has released its annual Dirty Dozen list, highlighting 12 scams and schemes that can lead to financial loss, theft of personal information, and other risks for taxpayers and tax professionals. Some of these items return from previous years, while others are new. The list is not a legal document, but it serves as a warning to taxpayers and the tax professional community about the prevalence of these scams and schemes.
This year's list starts with a warning about Employee Retention Credits (ERCs), which promoters have used to con ineligible individuals into claiming the credit. The IRS has received reports of promoters advertising refunds involving ERCs, which can be based on inaccurate information about eligibility and credit computation.
"The aggressive marketing of these credits is deeply troubling and a major concern for the IRS," said IRS Commissioner Danny Werfel. "Businesses need to think twice before filing a claim for these credits. In addition, there are very specific guidelines around these pandemic-era credits; they are not available to just anyone."
The IRS has stepped up enforcement action involving these ERC claims. People considering filing for these claims should be aware that they are ultimately responsible for the accuracy of the information on their tax returns. The annual Dirty Dozen list aims to raise awareness and protect honest taxpayers from aggressive promoters and con artists. These schemes put people at financial risk and increase the chances of becoming victims of identity theft. CLICK HERE for more information on the ERC.
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Check back next week for info on more of the dirty dozen scams!
www.mjtax.com
President & CEO of the only company in the U.S. dedicated to solving Prior-to-Service Payroll Tax issues
1 年One of the worst parts about both the IRS Alert and the ERC Mills themselves is that they’ve scared off the employers who would otherwise qualify and tarnished the reputation of those 3rd parties such as our company, who do ERC amendments accurately and without marketing.