The Internal Revenue Service recently issued a nationwide warning alerting taxpayers of the costly risks of falling victim to tax scams circulating on social media.

The consequences of following so-called “tax experts” online has cost taxpayers millions in fines — with the IRS reporting it has imposed more than 32,000 penalties costing more than $162 million.

“Since 2022, the IRS has seen a surge in questionable refund claims fueled by misleading social media posts and bad actors posing as tax experts,” the agency said.

“Many of the posts falsely claim that all taxpayers are eligible for credits they do not actually qualify for, such as those meant for self-employed individuals or businesses.”

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