A client of mine finally received a letter from the IRS approving him the $8,000 first time home buyers tax credit. It only took nine months and document after document. He lost his house in 2005 to Katrina and it was torn down the same year. He furnished one document after another and finally the IRS had to admit defeat. Sounds like one of those short sale negotiation's to me, as long as it took.
Meanwhile CNBC had this report , Nearly 1,300 prison inmates wrongly received more than $9 million in tax credits for homebuyers despite being locked up when they claimed they bought a home, a government investigator reported Wednesday. How you like them apples.