Oct
23

Real Estate Tax Credit Fraud

By paris911

Well, I cannot say I told you so – but I think I did once upon a time. 

When you have something that comes about that is good for those out there that need it, you will always have people trying to exploit the program.

The $8,000 first time Tax Credit is not immune to this Fraud. 

iStock_000001197671XSmall The IRS is going to look into the alleged fraud cases and find out what went on and how to prevent this from happening in the future and if the program is extended.

Some of the cases would appear to have been committed by children under 4 years of age. I say where are they so I can hire them :-)

Of course, I am sure their parents were to blame.  But these actions hurt all of us.

Thanks to The Real Estate Bloggers for bringing this “Fraud in New Home Buyers Tax Credit” to the surface.

 

Categories : first time buyers

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