Buckle up, buttercups — it’s time to talk about the avalanche of tax advice flooding Instagram, Facebook, TikTok and beyond. You know the kind: “Just buy a short-term rental and poof — zero tax!” It’s catchy. It’s viral. And it’s mostly hype. Sure, short-term rentals can offer tax advantages, sometimes even significant ones. But the idea that you can spend the next year assembling a portfolio of Airbnbs to magically eliminate your entire tax bill is mostly fairy tale with a fancy Instagram filter. The problem here is that the numbers just don’t pencil out. And, of course, not every taxpayer is in the same boat, despite influencers’ attempts to reach the widest possible audience.

Then there’s the darker side, where promoters approach the fraud line and sometimes step entirely over it. “Move your business or appreciated asset into my exotic trust that your accountant and attorney have never heard of, and you’ll never pay again.” That kind of pitch is flashing danger lights for those of us who speak tax-law for breakfast. Abusive trusts, phantom deductions, no real substance or disclosure — just hype dressed in slick graphics and shared by someone with podcasting gear and zero credentials. That stuff doesn’t just draw our scorn — it makes IRS regulators’ radar blink. (Of course, the IRS has a division dedicated to ferreting out tax fraud online. It’s called the Lead Development Center, and it’s part of the division that handles small business and self-employed taxpayers.)

There are lots of ways we can combat the epidemic of bad advice. And now there’s news from across the Pacific that China is taking a shot. Specifically, the Cyberspace Administration of China – the country’s top internet regulator — has stepped in and said: “if you want to talk about professional subjects like finance, law, or education, you better have the credentials.” And so, as of October 25, 2025, Chinese influencers discussing professional topics must hold formal degrees, certifications, or approved qualifications. In addition, the platforms that host them must verify credentials, label AI-generated content and ensure a higher bar of accountability.

The message? You can’t just play a doctor (or lawyer or tax planner) online. If you play one, you need to be one. If not? Well, China has the death penalty for certain types of fraud.

So why does this matter to you as a taxpayer in a country with a First Amendment? Because while this rule may apply only in China, the message is global: the era of “anyone can shout advice into a livestream” is facing a reckoning. If China says you need credentials to opine on finance or tax-adjacent fields, it seems likely that other regulators will start to ask: “And you? You do what, exactly?” Especially when one viral video by an unqualified huckster can wipe out a family’s finances or send a business owner scrambling to pay penalties years after a shady scheme blows up in his face.

Here’s the kicker: when you see a flashy post promising “one weird trick that melts taxes away,” the question isn’t just, “Is this strategy too good to be true?” It’s, “Does the person talking even have the background to legitimately make this claim?” If the answer is “no,” then it’s probably more than just hype. It’s potential damage.

Here’s this week’s bottom line. Next time you spot something sketchy online — some “influencer” pitching tax relief like it’s a TikTok challenge — send it our way. We’ll dissect it, evaluate the speaker’s credentials (or lack thereof), parse the legal foundation, and decide if it’s clever planning or just bad advice dressed in slick production values. Because you deserve real substance, not just the loudest influencer voice. Stay sharp. Stay skeptical. And stay safe!

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ABOUT THE CHIEF TAX PLANNER
Edward A. Lyon, Chief Tax Planner
Edward A. Lyon

Dubbed "America's Funniest Tax Attorney" by CNN, Excel Empire Chief Tax Planner is the author of eight books and has trained more than 3,000 CPAs.

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