Wall St. Journal: “The Treasury’s inspector general for tax administration, J. Russell George, recently told Congress that at least 19,000 filers hadn’t purchased a home when they claimed the credit. For another 74,000 filers, claiming a total of $500 million in credits, evidence suggests that they weren’t first-time buyers. Among those claiming bogus credits, at least some of them were definitely first-timers. The credit has already been claimed by 500 people under the age of 18, including a four-year-old.”
See also Taxgirl’s post called “Hey Kid, Wanna Buy a House?“
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- House Hunting? Check Out Tax Credit
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- Stimulus Pays Up to $5,500 for New Golf Carts
- Summary of Tax Provisions in the Senate Health Care Bill
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- DOJ Sues to Prevent $562 Million in Bogus Tax Refunds
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