Home buyer tax credits for prisoners
Did you hear the one about the 1,300 people behind bars who claimed the first-time home buyer tax credit?
Or the single home claimed for credit purposes by 67 people?
They sound like setups for a joke, but they're sadly real.
Both are among the scams the Treasury Department's inspector general for tax administration turned up. His report noted more than 14,000 wrongly claimed home buyer tax credits, for a grand total topping $26 million.
On the upside, the Internal Revenue Service tells the Associated Press, that's pocket change compared with the total claimed through April -- $18.7 billion. The IRS says it's going after the tax cheats to get the money back.
Posted by Jamie Smith Hopkins at 7:00 AM | Permalink
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Categories: First-time buyer tax credit
Categories: First-time buyer tax credit
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