Sunday, March 4, 2012

Yet Another Tax Refund Scam

On March 2 the IRS issued a warning of a scam involving the American Opportunity Tax Credit. This credit is available for certain qualified education costs but the scammers falsely assert the credit is available for some, usually seniors, who have not recently enrolled in or paid for college. Full details are available here on the IRS web site.

Be aware that the IRS does not initiate contact with taxpayers by email. Be wary of any tax "idea" that sounds to good to be true.

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