"Tax advice has evolved and become more accessible in the digital age. Who could have imagined that social media would become a resource to gain tax tips? To kick off the tax season, TikTok's For You page now displays content about the IRS and how to navigate taxes. TikTok tax experts have emerged to help TikTok users avoid pitfalls, confusion, tax penalties, or poor tax advice."
"@dukelovestaxes Me: "I'll do it tomorrow." IRS: "Bet." Next thing you know... 5% penalty every month, up to 25%. Just for not filing. Not even for not paying - just not filing an extension. Penalties is the equivalent of tipping the IRS. Like why do that? The worst thing you can do to yourself today is not file an extension if you have not already filed your taxes. Filing an extension takes 5 minutes and saves you from the massive 25% penalty"
Tax advice has become more accessible through social media and digital platforms. TikTok surfaces IRS-related content and bite-sized tax guidance on For You pages to help users navigate filing and compliance. A group of Black tax professionals uses TikTok to explain W-2 and 1099 forms, write-offs, business and real estate tax breaks, tax strategy, and filing timelines. These creators aim to reduce confusion, help individuals avoid penalties, and provide practical, actionable steps. Specific creators offer targeted advice for small business owners and creators, including step-by-step tips like filing extensions to limit monthly penalties.
Read at Black Enterprise
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