IRS says First Time Home Buyer Tax Credit Was Abused
Anytime you give something away, you are bound to attract people who don't deserve it, or will try somehow to take advantage of it. In this case, people in PRISON claimed and received the credit!
IRS says First Time Home Buyer Tax Credit Was Abused
The IRS says there was significant abuse and fraudulent claims related to the $8000 First Time Home Buyers tax credit. Pretty shocking... $29 Billion went to 4 Million people, with AT LEAST $513 Million in fraud paid out!
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