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The agency has said thousands of taxpayers have filed inaccurate returns after following misleading social media advice.
The IRS warns taxpayers about viral social media tax scams leading to denied refunds, $5,000 fines, and over $162M in penalties.
The IRS warns of increasing social media tax scams exploiting credits, urging taxpayers to stay vigilant and avoid fraud.
The 19th reports a new child tax credit starting in 2026 will increase to $2,200 but limit access for many low-income and ...
Inquisitr on MSN
How Social Media Cost Taxpayers $162 Million in Penalties — IRS Blames ‘Influencers’ For Bad Tax Advice
Just as social media grew, with it grew people’s dependency on it for news, suggestions and advice. What started with cooking ...
MyChesCo on MSN
IRS Warns Taxpayers of Rising Social Media Tax Credit Scams
The Internal Revenue Service is warning taxpayers about a surge in fraudulent tax schemes spreading across social media, many ...
The IRS on Friday released a draft of Schedule 1-A (Form 1040), a single form that consolidates the calculations of the four ...
The Internal Revenue Service has posted a draft version of Schedule 1-A that will be used next tax season when claiming new ...
The final regulations are similar to the proposed regulations issued in January, with some changes that the IRS said were ...
Quarterly estimated tax payments apply to individuals and businesses whose income is not fully covered by withholding.
Plus: Lost refund checks, new addresses at the IRS, Taxpayer Assistance Centers are closing, gambling and the IRS, tax compliance and naturalization, tax filing deadlines, tax trivia and more.
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IRS Form 1040: The schedules that changed this 2025
The IRS Form 1040 is the primary document used by taxpayers in the United States to file their annual income tax returns. It serves as a comprehensive summary of your financial year, detailing all ...
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