Tags: tax | credits | irs | home

IRS Probing Home-Buyer Tax Credit Claims

Tuesday, 20 Oct 2009 09:05 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The U.S. Internal Revenue Service is probing more than 100,000 doubtful claims of a tax credit meant for first-time home buyers, the Wall Street Journal reported on its website on Tuesday.

The $8,000 tax credit for first-time home buyers under the American Recovery and Reinvestment Act was passed in February to help prod the U.S. economy back to life.

Special: New Bull: Warren Buffett Says You Must Read This Book -- Click Here Now.

Lawmakers have expressed concern that significant number of claims might turn out to be fraudulent, the paper said.

The IRS was investigating 167 "criminal schemes" involving the credit, according to the House Ways and Means oversight subcommittee, the paper said.

The IRS was not available to comment.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Poll: Many Democrats Oppose Obama's Immigration Policies

Tuesday, 30 Sep 2014 12:50 PM

A surprising number of Democrats and swing voters have strong views opposing President Barack Obama's immigration polici . . .

US Beheading Suspect Charged with First Degree Murder

Tuesday, 30 Sep 2014 12:45 PM

A US man who allegedly beheaded a female co-worker in Oklahoma has been charged with first degree murder, a prosecutor s . . .

Studies: Global Warming Not to Blame for California Drought

Tuesday, 30 Sep 2014 12:39 PM

While California suffers through its worst drought in well over a century, a new group of studies by top meteorological  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved