fromBloombergtax
2 weeks agoTax Influencers Face Off Over Scams and Tips, While IRS Looks On
This is what we call 'making [stuff] up,' as DiLucci interjects, while addressing a false claim about writing off haircuts as business expenses. The IRS identifies bad social media advice as a major threat to taxpayers, a challenge they've struggled to counter. Private CPAs, such as DiLucci, have taken the initiative to combat online misinformation, especially as influencers gain traction and followers. Kathleen Thomas notes that the government may find it difficult to counteract this disinformation effectively. Similar to past tax fraud, social media has introduced a unique form of misinformation that complicates traditional IRS responses.
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