Don’t take tax advice from social media?

There may be good information on some social media sites (for example, we post information on Facebook, etc.), but there’s a lot of incorrect or fraudulent information floating around. The IRS says to beware of tax advice on social media. What can go wrong? Bad tax advice on social media can mislead you about refund eligibility. Influencers may convince you to lie on tax forms or suggest the IRS is keeping a tax credit secret from you. Social media posts may put you in touch with scammers. For example, there have been misleading claims about a self-employment tax credit that doesn’t exist, and bogus claims on returns by taxpayers can lead to IRS audits. #IdeaoftheDay