12 Mar 2026
19m

How to avoid this year's common tax scams

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Life Kit

This episode of Life Kit addresses how to identify bad tax advice and scams, especially on social media. It emphasizes that tax law is technical and advice should be grounded in official sources like the Internal Revenue Code. CPA Mark Gallegos warns against inflating deductions, such as claiming false income for tax credits or deducting personal expenses as business costs. The discussion highlights the risks of "IRS roulette" and the importance of verifying tax information from primary sources like irs.gov. Listeners are advised to be cautious of advice promoting universal qualification for deductions and to watch out for scams involving identity theft or demands for payment via gift cards.

Outlines

Part 1: Red Flags, Misinformation

Part 2: Verification, IRS Standards

Part 3: Scams, Preparer Security

Part 4: New Laws, Summary

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