THE
IRS has asked taxpayers to beware of an emerging scheme tempting them to file
tax returns claiming fraudulent refunds. The promoters of the scheme falsely
claim that they can obtain for their victims, a tax refund or nonexistent
stimulus payment based on the American Opportunity Tax Credit.The IRS has
recently put in all efforts to curb these bogus refund claims coming in from
across the United States. The IRS is also investigating the sources of the
scheme. The IRS has also seen a variation of this scheme that incorrectly claims
the college credit is available to compensate people for paying taxes on
groceries. Promoters may charge a huge fee to file these claims and vanish. The
IRS is reminding people to be careful because all taxpayers, including those who
use paid tax preparers, are legally responsible for the accuracy of their
returns, and must repay any refunds received in error.
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