The China Mail - Clear Start Tax Alerts Self-Employed Individuals to Beware of False 'Self-Employment Tax Credit' Claims

USD -
AED 3.672503
AFN 68.45856
ALL 84.12756
AMD 381.570655
ANG 1.789783
AOA 916.999843
ARS 1355.982501
AUD 1.545523
AWG 1.8
AZN 1.699474
BAM 1.688422
BBD 2.013873
BDT 121.680652
BGN 1.688185
BHD 0.377007
BIF 2981.344475
BMD 1
BND 1.289231
BOB 6.907209
BRL 5.442199
BSD 0.999599
BTN 87.778411
BWP 13.486366
BYN 3.396857
BYR 19600
BZD 2.010437
CAD 1.38505
CDF 2867.501836
CHF 0.80648
CLF 0.024674
CLP 967.949906
CNY 7.152902
CNH 7.16367
COP 4053.99
CRC 503.295593
CUC 1
CUP 26.5
CVE 95.190614
CZK 21.170102
DJF 178.008754
DKK 6.43899
DOP 62.778411
DZD 130.331833
EGP 48.650501
ERN 15
ETB 141.839764
EUR 0.86257
FJD 2.269202
FKP 0.741734
GBP 0.744095
GEL 2.694978
GGP 0.741734
GHS 11.145979
GIP 0.741734
GMD 71.528078
GNF 8666.563072
GTQ 7.662557
GYD 209.052375
HKD 7.783005
HNL 26.189613
HRK 6.502601
HTG 130.840153
HUF 342.303502
IDR 16422.8
ILS 3.34274
IMP 0.741734
INR 87.757204
IQD 1309.610138
IRR 42049.999945
ISK 123.359904
JEP 0.741734
JMD 159.751718
JOD 0.709046
JPY 148.051016
KES 129.160062
KGS 87.425302
KHR 4006.543762
KMF 423.250062
KPW 900.015419
KRW 1397.839891
KWD 0.30582
KYD 0.833078
KZT 539.029317
LAK 21692.831645
LBP 89517.721251
LKR 302.142684
LRD 200.428188
LSL 17.761577
LTL 2.95274
LVL 0.60489
LYD 5.424048
MAD 9.059964
MDL 16.524295
MGA 4418.334621
MKD 53.126834
MMK 2099.054675
MNT 3597.17449
MOP 8.014451
MRU 39.985842
MUR 46.390049
MVR 15.409647
MWK 1733.211323
MXN 18.731015
MYR 4.235019
MZN 63.949704
NAD 17.761577
NGN 1534.71969
NIO 36.784765
NOK 10.16829
NPR 140.445112
NZD 1.71637
OMR 0.384514
PAB 0.999607
PEN 3.547602
PGK 4.228392
PHP 57.255505
PKR 283.59655
PLN 3.682785
PYG 7225.732933
QAR 3.646448
RON 4.3703
RSD 101.07303
RUB 80.300032
RWF 1447.483716
SAR 3.752228
SBD 8.217066
SCR 14.787745
SDG 600.497618
SEK 9.58797
SGD 1.288969
SHP 0.785843
SLE 23.249996
SLL 20969.49797
SOS 571.324977
SRD 38.324498
STD 20697.981008
STN 21.150501
SVC 8.746849
SYP 13002.232772
SZL 17.748368
THB 32.487497
TJS 9.521606
TMT 3.5
TND 2.932422
TOP 2.342097
TRY 41.023019
TTD 6.796707
TWD 30.645022
TZS 2502.03204
UAH 41.295021
UGX 3561.932387
UYU 39.978936
UZS 12350.219276
VES 141.606965
VND 26370
VUV 119.58468
WST 2.776302
XAF 566.283221
XAG 0.026081
XAU 0.000296
XCD 2.70255
XCG 1.801599
XDR 0.701052
XOF 566.280776
XPF 102.955903
YER 240.174983
ZAR 17.76462
ZMK 9001.177673
ZMW 23.366757
ZWL 321.999592
  • RBGPF

    1.4500

    77

    +1.88%

  • RYCEF

    0.0800

    14.42

    +0.55%

  • CMSC

    -0.0918

    23.77

    -0.39%

  • VOD

    0.1200

    11.98

    +1%

  • BP

    0.0750

    34.745

    +0.22%

  • GSK

    0.0530

    39.883

    +0.13%

  • RIO

    -0.1300

    61.82

    -0.21%

  • RELX

    0.1050

    47.965

    +0.22%

  • NGG

    0.5200

    71.56

    +0.73%

  • SCS

    -0.0400

    16.58

    -0.24%

  • BTI

    -0.4850

    56.845

    -0.85%

  • CMSD

    -0.0200

    23.85

    -0.08%

  • BCC

    -0.6700

    88.18

    -0.76%

  • AZN

    -0.3350

    79.715

    -0.42%

  • BCE

    0.0850

    24.985

    +0.34%

  • JRI

    0.0390

    13.399

    +0.29%

Clear Start Tax Alerts Self-Employed Individuals to Beware of False 'Self-Employment Tax Credit' Claims
Clear Start Tax Alerts Self-Employed Individuals to Beware of False 'Self-Employment Tax Credit' Claims

Clear Start Tax Alerts Self-Employed Individuals to Beware of False 'Self-Employment Tax Credit' Claims

Tax Experts Warn Against Misleading Information That Could Lead to IRS Audits and Penalties

Text size:

IRVINE, CALIFORNIA / ACCESS Newswire / February 12, 2025 / Clear Start Tax urges self-employed individuals to be cautious about misleading claims regarding a non-existent IRS tax credit. With tax season in full swing, deceptive promotions-particularly on social media-are leading some taxpayers to incorrectly claim refunds they aren't eligible for, putting them at risk of audits, penalties, and repayment demands.

The Emergence of False 'Self-Employment Tax Credit' Claims

The IRS has identified a surge in deceptive promotions suggesting that self-employed individuals are eligible for a "Self-Employment Tax Credit." These claims are unfounded, as no such credit exists. Taxpayers who attempt to claim this fictitious credit may face:

  • Delayed refunds due to processing discrepancies.

  • IRS audits to verify the legitimacy of the claim.

  • Financial penalties for submitting inaccurate tax returns.

"It's crucial for taxpayers to be aware that not all information circulating about tax credits is accurate," said the Head of Client Solutions at Clear Start Tax. "Filing for non-existent credits can lead to significant complications with the IRS."

How to Avoid Falling for Misleading Tax Credit Claims

To protect themselves, self-employed taxpayers should:

Verify eligibility before claiming any IRS credit by checking the official IRS website
Be wary of tax preparers who promise large refunds without reviewing financial records
Avoid social media tax scams that promote false tax credit opportunities
Consult a trusted tax professional before submitting their return

IRS Compliance Matters: Staying Safe During Tax Season

The IRS is actively reviewing tax credit claims and has warned taxpayers to ensure they are filing accurate returns. Any errors could result in delayed refunds, audits, or repayment demands.

"Self-employed taxpayers should prioritize compliance over inflated refunds," said the Head of Client Solutions at Clear Start Tax. "If you're unsure whether you qualify for a tax credit, it's best to seek expert guidance to avoid future IRS complications."

Clear Start Tax: Helping Self-Employed Individuals Stay Tax Compliant

For self-employed individuals who owe back taxes, face IRS penalties, or need help correcting past filings, Clear Start Tax offers customized tax resolution services to:

Resolve IRS debt and negotiate settlements
Assist with IRS audits and penalty abatements
Ensure compliance with tax laws to prevent future issues

About Clear Start Tax

Clear Start Tax is a full-service tax liability resolution firm that serves taxpayers throughout the United States. The company specializes in assisting individuals and businesses with a wide range of IRS and state tax issues, including back taxes, wage garnishment relief, IRS appeals, and offers in compromise. Clear Start Tax helps taxpayers apply for the IRS Fresh Start Program, providing expert guidance in tax resolution. Fully accredited and A+ rated by the Better Business Bureau, the firm's unique approach and commitment to long-term client success distinguish it as a leader in the tax resolution industry.

Contact Information

Clear Start Tax
Corporate Communications Department
[email protected]
949-800-4044

SOURCE: Clear Start Tax



View the original press release on ACCESS Newswire

J.Liv--ThChM