Thousands of Taxpayers Could Face $5,000 Penalty After Falling for Online Scams: IRS

The Internal Revenue Service issued a consumer alert regarding a series of tax scams.
Thousands of Taxpayers Could Face $5,000 Penalty After Falling for Online Scams: IRS
A 1040 form used by American taxpayers to file an annual income tax return is shown in an undated file photo. Joe Raedle/Getty Images
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The Internal Revenue Service (IRS) has warned that thousands of American taxpayers who fell victim to online tax scams could face fines of up to $5,000.

The agency issued a consumer alert on Tuesday amid what it said were “ongoing concerns” regarding a series of tax scams and “inaccurate social media advice” that led thousands of taxpayers to file inflated refund claims during the past tax season.