IRS Warns $1M Tribal Tax Credit Sold for $250K Doesn’t Exist, Affecting Native American Tax Credits and Sovereign Tribal Tax Credits

Key TakeawaysThe IRS says no federal tribal tax credit exists, despite promoters’ claims of a $1 million benefit for $250,000.An accepted return or initial refund does not validate the credit; taxpayers may still owe tax, interest and penalties.People who claimed the credit may need to amend their…