Keyword: homebuyer tax credit

Homebuyer tax credit audit shows fraud in the millions of dollars

Homebuyer tax credit audit shows fraud in the millions of dollars

Tax credit system defrauded According to a report by the Treasury Department Inspector General for Tax Administration and internal Revenue Service, massive discrepancies have been identified. Although the homebuyer tax credit helped to stimulate the real estate sector, the system is apparently insanely simple to defraud. Millions were improperly paid out to people who applied early, and millions of checks ...

Tara Steele | 2010/06/23  | 17 Comments News

First Time Homebuyer’s Credit- Should It Stay Or Should It Go? AG Politics

First Time Homebuyer’s Credit- Should It Stay Or Should It Go? AG Politics

First time homebuyer’s credit The first time homebuyer’s credit has helped tens of thousands of home buyers purchase property this year. Nationally it’s accounted for about one in every three home sales. Appliance stores, carpet companies, furniture showrooms and a myriad of other businesses have benefited from the legislation. Many fear what will happen if it evaporates at twelve midnight ...

Greg Cooper | 2009/10/04  | 32 Comments Politics

Homebuyer tax credit audit shows fraud in the millions of dollars

Homebuyer tax credit audit shows fraud in the millions of dollars

Tax credit system defrauded According to a report by the Treasury Department Inspector General for Tax Administration and internal Revenue Service, massive discrepancies have been identified. Although the homebuyer tax credit helped to stimulate the real estate sector, the system is apparently insanely simple to defraud. Millions were improperly paid out to people who applied early, and millions of checks ...

Tara Steele | 2010/06/23  | 17 Comments News

First Time Homebuyer’s Credit- Should It Stay Or Should It Go? AG Politics

First Time Homebuyer’s Credit- Should It Stay Or Should It Go? AG Politics

First time homebuyer’s credit The first time homebuyer’s credit has helped tens of thousands of home buyers purchase property this year. Nationally it’s accounted for about one in every three home sales. Appliance stores, carpet companies, furniture showrooms and a myriad of other businesses have benefited from the legislation. Many fear what will happen if it evaporates at twelve midnight ...

Greg Cooper | 2009/10/04  | 32 Comments Politics