IRS Has Doled Out $162M in Penalties to Taxpayers Over False Tax Credit Claims Linked to Bad Social Media Advice

Thousands of taxpayers have filed inaccurate or frivolous returns that falsely claim the Fuel Tax Credit and the Sick and Family Leave Credit, often resulting in the denial of refunds and steep penalties, the IRS said Sept. 8.

Link: https://www.cpapracticeadvisor.com/2025/09/09/irs-has-doled-out-162m-in-penalties-to-taxpayers-over-false-tax-credit-claims-linked-to-bad-social-media-advice/168606/

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