Thousands of Taxpayers Could Face $5,000 Penalty After Falling for Online Scams: IRS

Published on May 15, 2024

The Internal Revenue Service (IRS) has warned that thousands of American taxpayers who fell victim to online tax scams could face fines of up to $5,000. The agency issued a consumer alert on Tuesday amid what it said were “ongoing concerns” regarding a series of tax scams and “inaccurate social media advice” that led thousands of taxpayers to file inflated refund claims during the past tax season. The false claims are being perpetuated by scam artists online, the IRS said. “Scam artists and social media posts have perpetuated a number of false and misleading claims that have tricked well-meaning taxpayers into believing they’re entitled to big, windfall tax refunds,” said IRS Commissioner Danny Werfel. “These bad claims have been caught during our fraud review process.”...

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