First Time Home Buyer Fraud

First Time Home Buyer Fraud

The IRS just announced their first successful prosecution for fraud involving the First Time Home Buyer Credit program.  There is a growing number of people who think they can claim the $8,000 credit on their tax return even though they are not eligable.  What these people probably don't know is that the IRS has several sophisticated software programs to help detect fraud such as this on personal income tax returns. 

It's always best to consult a tax professional when it comes time to prepare your tax return.  Home Field Realtors can refer you to several capable tax professionals, just ask!

As always, be sure to visit www.HomeFieldRealtors.com for up to minute Multiple Listing Service Home Search for Naperville Homes for Sale and Chicago Western Suburbs Real Estate... http://www.homefieldrealtors.com/realestate/mlssearch/

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Lisa Ludlow Archer 09/13/2009 09:18 PM
Topic:
Home Buying
Location:
Illinois Du Page County
Tags:
first time home buyer
naperville first time home buyer
multiple listing service
naperville homes for sale

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Rainer
125,713
Lisa Ludlow Archer
Team Ludlow-Keller Williams, Charlotte, NC Ballantyne Area - Waxhaw, NC

we knew this was just a matter of time right. Thanks for sharing.

Sep 13, 2009 09:18 PM #1
Rainmaker
271,845
Ron Tarvin
Luxury and New Construction in Katy & Cypress TX - Katy, TX
Broker, Katy, Houston, Cypress 77450,77494,77095

Yep, be sure to catch those $8000 cases, but somehow totally miss those HUGE one's like Gietner!

(Neither is right but man, it makes me shake my head in bewilderment!)

Sep 13, 2009 09:18 PM #2
Ambassador
795,797
Russ Ravary
Keller Williams Commerce - Commerce, MI
Metro Detroit homes - Michigan Real estate & Mortg

I am sure there are lots of people that are committing the fraud.  It's not worth the trouble to get into trouble over it.

Sep 13, 2009 09:19 PM #3
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Rainer
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David Field, Coldwell Banker, The Home Field Team Illinois Licensed Real Estate Brokerage

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