Really??!!
Disturbing post here from Guy Adams. Here is the link to another article about it if interested:
http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches.aspx?post=1773615
Inmates Get $9.1 Million in Home Buyer Credits
More than 1,200 prison inmates, including 241 serving life sentences, applied for and received first-time hom ebuyer tax credits, according to a Treasury Department report released Wednesday.
Treasury said many filed multiple claims, even some outside the alloted time persiod, and received help from paid preparers. Altogether they fraudulently received $9.1 million in tax credits with $1.7 million going to prison lifers.
The report also identified 2,555 filers who received $17.6 million for homes that they purchased before the tax credit program began. It flagged 206 filers who sought credits on multiple properties and were awarded $1.4 million.
In addition, 34 employees of the IRS were nabbed for filing illegally for the credit.
Source: CNNMoney, Aaron Smith (05/23/2010)
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