Scam warnings: energy credits; tax professionals

New scam targeting clean energy tax credits

The IRS warns taxpayers not to fall victim to a new emerging scam involving buying clean energy tax credits. Unscrupulous tax return preparers are misrepresenting the rules for claiming the credits under the Inflation Reduction Act. They’re claiming credits that the taxpayer is ultimately unable to benefit from. The scam is generally targeting Form 1040 filers. Visit IRS.gov to report fraud.

Evolving identity theft scams threaten tax professionals, client data

To help protect businesses and individual taxpayers, the IRS and the Security Summit renewed a warning to tax professionals to pay extra attention to trending threats aimed at stealing business and taxpayer information.

Learn how scammers steal information: posing as new clients, using phishing emails to trick people into sharing information and elaborate schemes involving calling and texting.