The IRS continues to share its Dirty Dozen list of tax scams reminding taxpayers and tax professionals to remain vigilant and protect themselves against fraudsters’ attempts intended to steal valuable information and file false tax returns. The IRS and the Security Summit partners urge tax pros and taxpayers to watch out for:
- Inaccurate or misleading tax advice on social media;
- “New client” scams;
- Improper art donation deductions, charitable remainder annuity trusts, monetized installment sales; and
- Bogus tax avoidance strategies and offshore schemes.
“It’s crucial for tax professionals and businesses to be wary of creative and evolving cyberattacks designed to access sensitive systems,” said IRS Commissioner Danny Werfel. The IRS urges individuals to report unscrupulous promoters and tax preparer