Beware of Tax Filing Tips from TikTok: TikTok cannot guarantee federal tax filing compliance. MARCA.com provides the best instructions for filing your taxes by Monday, April 15th.
Chinese company TikTok lets anyone post content to earn five minutes of viral fame.
It has also been used as a news channel to engage younger generations who get their worldwide news from TikTok, Facebook, and Twitter (now X.com).
The ease of spreading misinformation is a concern. Misinformation may make people think it’s wrong or ignorant. This is serious about taxes and the IRS.
“Social media is an excellent conversation starter,” said CBS MoneyWatch’s Mara Derderian. Before taking any advise, including tax advice, consult a knowledgeable and experienced professional.
“Everyone possesses unique goals, and you should customize your advice.”
TikTok offers three popular features: tax risk zones, which allow users to deduct cars as business expenses (users need to maintain a mileage diary).
You can hire your children and deduct their wages. They are allowed to undertake a company-critical activity.
Third, your pet can be a security dog. The verdict is negative. Only dog groomers, trainers, therapy pet owners, and counselors can do this.
Important Information: Can You File 2022 Taxes in 2024?
You can find tax filing advice widely available on the internet. Vetted, reputable, and trustworthy sources, as well as articles authored by tax authorities, journalists, or tax attorneys who possess the necessary expertise, provide such guidance.
The following are some practical recommendations:
Comparing the New and Old Tax Regimes in AY2024-25: Which is More Advantageous for You?