The IRS warns taxpayers about a rising scam involving false claims of undistributed long-term capital gains using Form 2439. This year, it has been added to the IRS’s annual “Dirty Dozen” list of tax scams. Form 2439 allows shareholders of certain investment funds or real estate trusts to claim a refundable credit for taxes paid on undistributed capital gains. The IRS has identified schemes involving overstated or fake claims, including claims related to organizations that aren’t legitimate funds or trusts or are falsely linked to well-known organizations. Improper claims can lead to refund delays, audits, penalties or enforcement actions. Report suspicious activity: https://bit.ly/3Pn3rD9
