1,300 prisoners have managed to pull off something many Americans could not. They qualified for the first time home-buyer tax credit program. The program was launched by the Obama administration last year in an effort to stabilize the crashing housing market. The effort to re-stabilize the housing marked has failed, but number of people spending time behind bars figured out a way to cash in on the program. Nearly 9 million dollars went out to inmates, 24 of whom are serving life sentences, according to CBS affiliate WWLP of Massachusetts. The home buyer tax credit has fallen victim to other fraudulent schemes as well.
One House Claimed 67 Times
Many people are claiming a tax credit on new home sales when they do not own the house in question. The oversight needed to check on the claims of buyers is either not in place or failing to achieve adequate results. Other people claimed sales of houses that were bought before the tax credit went into place. The credits, which can save a person up to $10,000 on their tax bill, are set to expire at the end of this year. The Internal Revenue Service has stated that it will try to get the money back. A claim which an outside would be rightfully skeptical of.
Did The Claims Go To Dead People
There are no indications that the tax home buyer home credit went to people who are dead and buried, although this condition is not enough to prevent such people from voting in Chicago. The prisoners who figured out a way to work the system are an indication that the official legal documents that prove a home were not checked. The return addresses on the IRS forms did not seem to matter either if inmates serving life sentences were given rebates. The situation results in an embarrassing situation for the federal government, but one that will likely be corrected.
Short URL: http://www.serviceloanmodification.com/mortgage-loan-refinance.html
One House Claimed 67 Times
Many people are claiming a tax credit on new home sales when they do not own the house in question. The oversight needed to check on the claims of buyers is either not in place or failing to achieve adequate results. Other people claimed sales of houses that were bought before the tax credit went into place. The credits, which can save a person up to $10,000 on their tax bill, are set to expire at the end of this year. The Internal Revenue Service has stated that it will try to get the money back. A claim which an outside would be rightfully skeptical of.
Did The Claims Go To Dead People
There are no indications that the tax home buyer home credit went to people who are dead and buried, although this condition is not enough to prevent such people from voting in Chicago. The prisoners who figured out a way to work the system are an indication that the official legal documents that prove a home were not checked. The return addresses on the IRS forms did not seem to matter either if inmates serving life sentences were given rebates. The situation results in an embarrassing situation for the federal government, but one that will likely be corrected.
Short URL: http://www.serviceloanmodification.com/mortgage-loan-refinance.html