Prisoners file for the tax credit for the buyer to collect millions of dollars, is the type of fraud Obama has promised to end?
Http: / / By Sandra Block www.usatoday.com/money/economy/housing/2010-06-23-home-buyers-credit-inmates_N.htm, USA TODAY Despite IRS efforts to combat fraud, thousands of people – including about 1,300 inmates – have defrauded the government of millions of dollars in loans to home buyers, the Treasury Inspector General reported Wednesday. The credit for home buyers federal tax credit of up to $ 8,000 for first-time home buyers for the fiscal year 2008, the issue the report. The credit was created to revive the housing market, then spread to repeat buyers. The last credit has expired with sales contracts signed on 30 April.
Yes, it is one of the many things Obozo promised to end.
IRS Reports First Time Home Buyer Tax Credit Abuse
