First Time Home Buyer Fraud

The IRS just announced their first successful prosecution for fraud involving the First Time Home Buyer Credit program.  There is a growing number of people who think they can claim the $8,000 credit on their tax return even though they are not eligable.  What these people probably don't know is that the IRS has several sophisticated software programs to help detect fraud such as this on personal income tax returns. 

It's always best to consult a tax professional when it comes time to prepare your tax return.  Home Field Realtors can refer you to several capable tax professionals, just ask!

As always, be sure to visit www.HomeFieldRealtors.com for up to minute Multiple Listing Service Home Search for Naperville Homes for Sale and Chicago Western Suburbs Real Estate... http://www.homefieldrealtors.com/realestate/mlssearch/

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3 Comments on First Time Home Buyer Fraud

SEP
13
2009
124,609 Points 1 Featured Post Attended Rain Camp Called Shot Master

we knew this was just a matter of time right. Thanks for sharing.
9:18pm • #1
272,065 Points 3 Featured Posts Hit Router

Yep, be sure to catch those $8000 cases, but somehow totally miss those HUGE one's like Gietner!

(Neither is right but man, it makes me shake my head in bewilderment!)
9:18pm • #2
745,208 Points 22 Featured Posts Outside Blog

I am sure there are lots of people that are committing the fraud.  It's not worth the trouble to get into trouble over it.
9:19pm • #3


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