Falsely increasing income to secure larger refundable credits such as the Earned Income Tax Credit can have serious repercussions. This scam involves inflating or including income on a tax return that was never earned, either as wages or self-employment income. Taxpayers can face a large bill to repay the erroneous refunds, including interest and penalties. In some cases, they may even face criminal prosecution. If you need assistance preparing your tax return, contact DTA at 877-DTA-6379 or [email protected]. #DTATips #irs #accountant #taxes #fraud #penalty #income #selfemployment #criminal
