01/31/2026
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Taxpayers face an increasing number of harmful risks online, including an abundance of tax misinformation. Changes in tax law and other events often create uncertainty, which bad actors and influencers alike exploit to their benefit by spreading false or misleading guidance. Social media platforms amplify these harms by enabling tax misinformation to reach hundreds of thousands of people almost instantaneously while often targeting the taxpayers least equipped to evaluate its accuracy. Scams, schemes, and tax misinformation thrive on social media and complicate compliance for taxpayers, strain the private tax and financial sectors, and burden the IRS.
These harsh outcomes raise serious concerns about equity and undermine confidence that our tax system is fair, particularly for taxpayers who acted in good faith and were victimized. Read more from this and what changes are recommended to address this growing threat in the :
