tax credit extension: Home Buyer Tax Credit: Fraud, Errors Persist
- 06/26/10 08:16 AM
Even though the Internal Revenue Service beefed up its controls, Uncle Sam has forked over millions of dollars for erroneous claims through the federal home buyer tax credit program. Roughly 14,100 Americans have received erroneous credits-totalling more than $26.7 million-through the program, the Treasury Inspector General for Tax Administration estimated in a report Wednesday. Notably, more than $9 million in credits went to prisoners who were locked up when they reported buying a house. J. Russell George, the Treasury's inspector general, called the findings "very troubling."
[Slide Show: 10 Cities for Retirement Property Steals.] "Congress created and modified the home … (2 comments)
Even though the Internal Revenue Service beefed up its controls, Uncle Sam has forked over millions of dollars for erroneous claims through the federal home buyer tax credit program.
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