3 new IRS warnings dealing with scams
The Internal Revenue Service (I.R.S.) has recently issued three new scam alerts, including one that could potentially affect almost every taxpayer. The first alert warns about a new scam involving the purchase of clean energy tax credits.
According to the IRS, some “unscrupulous” tax return preparers are “misrepresenting” the rules for these tax credits, which are part of the Inflation Reduction Act commonly known as IRA.
IRS explain how IRA works
The IRS explains that the IRA includes transferability provisions, allowing the purchase of “eligible federal income tax credits from investments in clean energy to offset a buyer’s tax liability.”
“This is another example where scammers are trying to use the complexity of the tax law to entice people into claiming credits they’re not entitled to,” said Internal Revenue Service Commissioner Danny Werfel.
He emphasized that taxpayers should be aware of the fact that promoters pushing dubious credits like this and others. The IRS is monitoring this scam closely and urges people to consult a reputable tax professional before claiming complex credits like clean energy.
- Stay Informed: Always stay updated on the latest IRS alerts and warnings.
- Verify the Source: Ensure that your tax preparer is reputable and knowledgeable about current tax laws.
- Consult Professionals: When in doubt, seek advice from certified tax professionals.
By staying vigilant and…
