Tax Credit Fraud

How the scam works:

Watch out for the American Opportunity Tax Credit scam happening these days, aka the Tax Credit Scam. Let's take a look.


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Scammers promise refunds to people who have little or no income, claiming non-existent stimulus payments based on the American Opportunity Tax Credit. The crooks claim that they can get victims money back even if they weren't enrolled in or paid for college.

Watch the video below to see the American Opportunity Tax Credit exposed:

American Opportunity Tax Credit Scam Video

The American Opportunity Tax Credit is an official refundable tax credit for undergraduate college education expenses. This credit provides up to $2,500 in tax credits on the first $4,000 of qualifying educational expenses. The tax credit had a limited life span in the past: it was available only for the years 2009 through 2012. It was now extended through December 2017 by the American Taxpayer Relief Act of 2012. Therefore scammers use it, urging the victims to hurry and pay them to fill the tax forms out on their behalf.

 

How to avoid:

If you are unfamiliar about a so-called bonus credit for seniors or low income families, check out with government website before forwarding any personal information. If you are being approached with a promise of a “guaranteed refund” then you know it's a scam. Particularly, be aware of offers of free money with no documentation required or unsolicited offers to prepare a return and split the refund. Bottom line, if something sounds too good to be true it is!

 

How to report:

Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:

Report To The Federal Trade Commission Here

 

How to protect yourself more:

If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You'll receive periodical emails and we promise not to spam. Last but not least, use the Comments section below to expose other scammers.

 

Related articles:

Free Tax Filing and 9 Other Scary Tax Seasons Scams

Tax Refund Scam

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IRS Telephone Call Scam Via VOIP

IRS Call Survey Scam

Early Taxes Scam

Tax Relief Companies Scam

IRS Tax Help Scam


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selma hrynchuk
Selma HrynchukSelma is a fraud prevention specialist renowned for her expertise in private eye investigations and a remarkable partnership with law enforcement agencies. Beyond her investigative triumphs, her public speaking engagements and written works have empowered countless individuals to protect themselves and stay ahead of deceptive schemes. Selma's legacy shines as a tenacious agent of change, unyielding in her commitment to battling fraud and ensuring a safer world for all.

1 thought on “Tax Credit Fraud”

  1. Daniel Hynes
    Sat, Dec 17, 2022, 10:17 PM
    to tax-credit

    Daniel Hynes
    10:58 AM (11 hours ago)

    to tax-credit

    Dec. 17th / 22

    Joset Sieber / Jonathan Walton:

    Look, I have Invested Lots of Money with You. (Canada Revenue Agency)
    Thinking that My Money was SAFE.

    Now I Need Some Of That Money, and You Refuse To Give It Back To Me.
    Instead, You give me Lots Of Procedures To Follow.
    Just to get MY MONEY BACK.

    I do not want all this Crap.
    Just Want My Money-Back.

    Maybe it is Time To Pay a Visit To The CANADIAN AUTHORITIES,
    and the POLICE To REPORT YOU.

    Come on now, let us stop Playing with me,
    and Give Me My Money.
    According to the Papers I now have, there is $165,000 Dollars.

    GIVE ME BACK MY MONEY………………TODAY……..

    Dan H……….

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