If you're thinking of cheating on your taxes by applying for the First-Time Home Buyer Credit -- BEWARE.
Today the IRS released news of its first succesful prosecution of fraud for doing so and the perp, who happens to be tax preparer, faces the possibility of up to three years in jail, a fine of as much as $250,000, or both.
Ain't worth it folks.
Read the press release from the IRS website: CLICK HERE
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