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Taxation & Estate Planning

: TaxProf Blog

TIGTA Uncovers Widespread Fraud in First-Time Homebuyer Tax Credit Program, Including by Prisoners Serving Life Sentences

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The Treasury Inspector General for Tax Administration today released Additional Steps Are Needed to Prevent and Recover Erroneous Claims for the First-Time Homebuyer Credit (2010-41-069): In its new report, TIGTA estimates that 14,132 individuals received erroneous credits totaling at least $26.7 million. These erroneous credits included: 2,555 taxpayers receiving credits...

Full post as published by TaxProf Blog on June 23, 2010 (boomark / email).

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