Would you believe that nearly 950,000 people who claimed the first time home buyer tax credit will have to pay it back? This is according to the Treasury Inspection General for Tax Administration. TIGTA)
The report shows that some home buyers had incorrect purchase dates. Also, it turns out that some of the claims by taxpayers were identified as deceased by the IRS.
The recommendation is that the IRS correct the errors and improve the over all identification of tax payers. For more information see the press release here www.ustreas.gov/tigta/press
Virtual Assistant to Steve Baklaich RE/MAX Realty Source MN - Saint Cloud, MN
Rugg Realty LLC Sun City Texas 512-818-6700 - Georgetown, TX
Sun City TX Real Estate - Georgetown, TX Real Est
Hello Dee:
Say it isn't so. Fraud an corruption with one to the government's give away programs. Who would of thought? Thanks for the post.
Sep 16, 2010 10:44 AM
Los Angeles, CA
Covina, CA
San Gabriel Valley, CA
You are welcome Elizabeth.
Brian,
My pleasure. I'm afraid it is so.
Caroline,
Welcome to the Rain. On tax payers paying for this error, we shall see.
Sep 16, 2010 01:11 PM
Hickory, NC
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739
Why am I not surprised? So many people constantly trying to scam, scam, SCAM.
Sep 16, 2010 06:12 PM
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones
Good morning Dee,
Free is never Free! Now the tax payers can pay to untangle this mess! If people spent as much time working as they do dreaming up scams what a productive society we would have!!
Sep 17, 2010 12:53 AM
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida
Who needs "checks & balances" Dee? We'll figure it out after the fact. That's getting to be the "American Way". Superman is not going to be happy!
Sep 17, 2010 04:13 AM
Covina, CA
San Gabriel Valley, CA
Roger,
I don't understand that either, it does not make sense. Maybe the ss# was written incorrectly.
Juli,
Seems to be going around, and the scammers are hitting the real estate world and all that entails with gusto. In this case though I don't think scamming is the cause, I think it is just a case of mistaken identity that the IRS needs to look into.
Hello Dorie,
The government provides a help up and people are and will take advantage of it.
Hi Kevin,
That's a job for the IRS
Sep 17, 2010 03:05 PM
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