Beware of Fraudulent Credit Filings On Your 2016 Income Tax Returns

Beware of fraudulently filing for credits on your 2016 income tax return. Ragasa Tax Service prides itself on minimizing your tax liability and efficiently managing your income tax filing in an honest manner.

Here are some highlights of what's new for 2016 income tax returns regarding credits:

Child tax credit and additional child tax credit may be disallowed. If you take the child tax credit or the additional child tax credit even though you aren’t eligible, you may not be able to take these credits for up to 10 years.

American opportunity credit may be disallowed. If you take the American opportunity credit even though you aren’t eligible, you may not be able to take this credit for up to 10 years.

(Source: https://www.irs.gov/uac/about-publication-17)