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Some common schemes involve incorrect tax advice, questionable tax professionals, and fake tax benefits and refunds.
Here are six tax scams that boomers should recognizeso they dont become victims in 2025.
Before following any tax advice you hear, run it by your tax professional.
They can both help you avoid potential trouble with the IRS and suggest legitimate tax savings opportunities.
Theres a real deduction for casualty losses under some circumstances.
If the loss occurs because of a federally declared disaster, losses are generally deductible.
Through the end of 2025, losses are not deductible otherwise, per theIRS.
Besides refusing to work with a shady tax preparer, report them to the IRS.
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