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 THE HOMEBUYER TAX CREDIT PROGRAM

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Abracadabra
Founding Member
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Abracadabra

THE HOMEBUYER TAX CREDIT PROGRAM Usaca10 Male Aries Posts : 1325
Join date : 2010-05-13
Age : 80

THE HOMEBUYER TAX CREDIT PROGRAM Empty
PostSubject: THE HOMEBUYER TAX CREDIT PROGRAM   THE HOMEBUYER TAX CREDIT PROGRAM EmptyTue 29 Jun 2010, 4:32 pm

Who is to be blamed for this assinine program that allowed...... more than 1,200 prison inmates, including 241 serving life sentences, defrauded the government of $9.1 million in tax credits reserved for first-time homebuyers.

People manage to bilk the taxpayers out of millions of dollars thanks to government incompetence? Not shocked........Florida prisoners are the winners in this little scam. Of those 1,200 prison inmates, 61% of them were incarcerated in Florida.

The $9.1 million wasn't the end of the fraud. That was just what was doled out to prisoners. The total amount of improperly paid claims totaled more than $28 million. Oh and by the way, of those improper filers, almost 100 of them were IRS agents!

The report found that the IRS awarded $17.6 million to 2,555 filers who had bought their homes before the credit program kicked in.

The inspector general also identified 206 filers who claimed the credit for multiple addresses; these fraudulent filers were awarded a total of $1.4 million.

http://money.cnn.com/2010/06/23/real_estate/money_stimulus_fraud/index.htm
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