IRS Warns Taxpayers to Beware of First-Time Homebuyer Credit Fraud

The Internal Revenue Service this week announced its first successful prosecution related to fraud involving the first-time homebuyer credit and warned taxpayers to beware of this type of scheme.

On Thursday July 23, 2009, a Jacksonville, Fla.-tax preparer, James Otto Price III, pled guilty to falsely claiming the first-time homebuyer credit on a client’s federal tax return. Price faces the possibility of up to three years in jail, a fine of as much as $250,000, or both. To date, the IRS has executed seven search warrants and currently has 24 open criminal investigations in pursuit of potential instances of fraud involving the credit.

The agency has a number of sophisticated computer screening tools to quickly identify returns that may contain fraudulent claims for the first-time homebuyer credit. “We will vigorously pursue anyone who falsely tries to claim this or any other tax credit or deduction,” said Eileen Mayer, Chief, IRS Criminal Investigation. “The penalties for tax fraud are steep. Taxpayers should be wary of anyone who promises to get them a big refund.” Whether a taxpayer prepares his or her own return or uses the services of a paid preparer, it is the taxpayer who is ultimately responsible for the accuracy of the return. Fraudulent returns may result not only in the required payment of back taxes but also in penalties and interest.

First-Time Homebuyer Credit

The First-Time Homebuyer Credit, originally passed in 2008 and modified in 2009, provides up to $8,000 for first-time homebuyers. The purchaser, however, must qualify as a first-time homebuyer, which for purposes of this credit means someone who has not owned a primary residence in the past three years. If the taxpayer is married, this requirement also applies to the taxpayer’s spouse. The home purchase must close before Dec. 1, 2009, to qualify, and the credit may not be claimed on the purchaser’s tax return until after the taxpayer closes and has purchased the home.

Different rules apply for homes bought in 2008.

Full details and instructions are available on the official IRS Web site.

Print Friendly, PDF & Email

103 comments to IRS Warns Taxpayers to Beware of First-Time Homebuyer Credit Fraud

  • You have noted very interesting points! ps nice web site. “Never take the advice of someone who has not had your kind of trouble.” by Sydney J. Harris.

  • This is a topic which is close to my heart…
    Thank you! Exactly where are your contact details though?

  • I think that is among the so much significant info for me. And i’m glad studying your article. But want to observation on few common things, The site style is perfect, the articles is actually great : D. Good job, cheers

  • Wonderful, what a weblog it is! This web site gives helpful data to us, keep it up.|

  • I am regular reader, how are you everybody? This paragraph posted at this web site is genuinely fastidious.|

  • Thanks for sharing your thought

  • Very energetic blog, I loved that a lot. Will there be a part 2?|

  • Can I simply just say what a comfort to find somebody who really understands what they are talking about online. You certainly understand how to bring a problem to light and make it important. More people must look at this and understand this side of the story. I can’t believe you’re not more popular because you most certainly have the gift.|

  • Does your website have a contact page? I’m having problems locating it but, I’d like to shoot you an e-mail. I’ve got some creative ideas for your blog you might be interested in hearing. Either way, great blog and I look forward to seeing it develop over time.|

  • Heya i’m for the first time here. I came across this board and I find It really useful & it helped me out a lot. I hope to give something back and aid others like you helped me.|

  • I do not know whether it’s just me or if everybody else encountering issues with your site. It seems like some of the text on your content are running off the screen. Can somebody else please provide feedback and let me know if this is happening to them as well? This might be a issue with my internet browser because I’ve had this happen previously. Kudos|

  • Hi there, of course this article is genuinely pleasant and I have learned lot of things from it on the topic of blogging. thanks.|

  • This is the perfect website for anybody who hopes to understand this topic. You understand a whole lot its almost tough to argue with you (not that I actually would want to…HaHa). You certainly put a new spin on a subject which has been discussed for many years. Wonderful stuff, just great!|

  • With havin so much content and articles do you ever run into any issues of plagorism or copyright violation? My website has a lot of unique content I’ve either authored myself or outsourced but it seems a lot of it is popping it up all over the internet without my permission. Do you know any solutions to help reduce content from being ripped off? I’d really appreciate it.|

  • What you published made a great deal of sense. However, think on this, suppose you added a little content? I ain’t saying your content isn’t good, but what if you added a title that makes people desire more? I mean BLOG_TITLE is a little vanilla. You ought to peek at Yahoo’s home page and note how they create news titles to grab people interested. You might try adding a video or a picture or two to get readers excited about what you’ve written. Just my opinion, it would bring your posts a little bit more interesting.|

  • he blog was how do i say it… relevant, finally something that helped me. Thanks

  • What’s up, the whole thing is going fine here and ofcourse every one is sharing data, that’s genuinely good, keep up writing.|

  • Thanks for one’s marvelous posting! I seriously enjoyed reading it, you may be a great author. I will remember to bookmark your blog and will often come back someday. I want to encourage you to definitely continue your great writing, have a nice day!|

  • Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.|

  • Thanks for any other informative web site. Where else may just I am getting that type of info written in such a perfect method? I’ve a challenge that I’m simply now operating on, and I have been on the glance out for such info.|

  • Thanks for sharing

  • What i don’t realize is actually how you are not actually a lot more neatly-appreciated than you might be now. You’re so intelligent. You realize therefore considerably in the case of this subject, made me in my opinion imagine it from so many various angles. Its like men and women don’t seem to be interested unless it is something to do with Girl gaga! Your own stuffs outstanding. Always handle it up!

  • Thanks for helping out, wonderful info. “A man will fight harder for his interests than for his rights.” by Napoleon Bonaparte.

  • Very good article! We will be linking to this great post on our website. Keep up the great writing.|

  • No matter if some one searches for his essential thing, thus he/she desires to be available that in detail, thus that thing is maintained over here.|

  • Hello, I want to subscribe for this webpage to get newest updates, thus where can i do it please assist.|

  • Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You clearly know what youre talking about, why throw away your intelligence on just posting videos to your blog when you could be giving us something enlightening to read?|

  • May I simply say what a relief to uncover somebody that genuinely knows what they are discussing on the internet. You actually know how to bring an issue to light and make it important. More people must check this out and understand this side of your story. I was surprised you’re not more popular given that you definitely possess the gift.|

  • I’m not that much of a online reader to be honest but your blogs really nice, keep it up! I’ll go ahead and bookmark your site to come back in the future. Many thanks|

  • I am sure this post has touched all the internet people, its really really fastidious article on building up new web site.|

  • I like what you guys are up too. Such intelligent work and reporting! Keep up the excellent works guys I have incorporated you guys to my blogroll. I think it will improve the value of my web site :)

  • Awesome blog! Do you have any tips for aspiring writers? I’m hoping to start my own site soon but I’m a little lost on everything. Would you advise starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m totally confused .. Any suggestions? Thanks a lot!|

  • These are genuinely fantastic ideas in concerning blogging. You have touched some nice factors here. Any way keep up wrinting.|

  • Hi my loved one! I want to say that this post is awesome, nice written and come with almost all vital infos. I’d like to peer extra posts like this .|

  • Hello to every , since I am genuinely eager of reading this webpage’s post to be updated on a regular basis. It includes good information.|

  • fantastic post.Never knew this, appreciate it for letting me know.

  • I really like forgathering useful info, this post has got me even more info! .

  • Hello there! Do you know if they make any plugins to help with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good results. If you know of any please share. Many thanks!|

  • I very like this blog. Everything is cleared.

  • I don’t even know how I ended up here, but I thought this post was great. I do not know who you are but certainly you are going to a famous blogger if you aren’t already ;) Cheers!|

  • Some truly interesting points you have written.Assisted me a lot, just what I was searching for : D.

  • As I website possessor I believe the subject material here is real fantastic, thanks for your efforts.

  • Wonderful beat ! I wish to apprentice while you amend your website, how can i subscribe for a blog website?
    The account helped me a acceptable deal. I had
    been a little bit acquainted of this your broadcast offered bright clear idea

  • Good info. Lucky me I found your site by chance (stumbleupon).

    I have bookmarked it for later!

  • g

    What’s up to all, the contents present at this site are really
    remarkable for people knowledge, well, keep up the nice work
    fellows.

  • I think the admin of this site is genuinely working hard for his
    website, for the reason that here every information is quality based information.

  • I’m impressed, I have to admit. Seldom do I encounter a blog that’s both equally educative and entertaining, and let me tell you, you’ve hit the nail on the head. The problem is something not enough folks are speaking intelligently about. I’m very happy I stumbled across this in my hunt for something relating to this.|

  • You really make it seem so easy with your presentation but I find this topic to be really something that I think I would never understand. It seems too complex and extremely broad for me. I am looking forward for your next post, I’ll try to get the hang of it!|

  • I was recommended this web site by my cousin. I’m not sure whether this post is written by him as no one else know such detailed about my trouble. You’re amazing! Thanks!|

  • Spot on with this write-up, I truly believe that this amazing site needs a great deal more attention. I’ll probably be back again to read more, thanks for the advice!|

  • I am truly happy to read this webpage posts which carries tons of valuable facts, thanks for providing such information.|

  • Hi friends, nice post and nice arguments commented here,
    I am actually enjoying by these.

  • cialis treats

    IRS Warns Taxpayers to Beware of First-Time Homebuyer Credit Fraud « St Louis Real Estate News

  • This web site is really a walk-through for all the data you wished about this and didn’t know who to ask. Glimpse right here, and also you’ll definitely discover it.

  • I like this web blog very much, Its a rattling nice berth to read and obtain info .

  • I have learn a few just right stuff here. Definitely price bookmarking for revisiting. I surprise how a lot attempt you set to make the sort of great informative site.

  • I like what you guys are up too. Such smart work and reporting! Keep up the superb works guys I?¦ve incorporated you guys to my blogroll. I think it’ll improve the value of my web site :)

  • Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.

  • Great – I should definitely pronounce, impressed with your web site. I had no trouble navigating through all tabs as well as related info ended up being truly simple to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or something, site theme . a tones way for your customer to communicate. Nice task.

  • Do you mind if I quote a few of your posts as long as I provide credit and sources back to your website? My blog is in the very same niche as yours and my visitors would definitely benefit from a lot of the information you present here. Please let me know if this okay with you. Thanks a lot!

  • Valuable info. Lucky me I found your web site by accident, and I am shocked why this accident didn’t happened earlier! I bookmarked it.

  • Hello Dear, are you really visiting this web page on a regular
    basis, if so after that you will absolutely take pleasant knowledge.

  • You made some nice points there. I did a search on the topic and found nearly all persons will have the same opinion with your blog.

  • Hi! Someone in my Facebook group shared this website with
    us so I came to give it a look. I’m definitely
    loving the information. I’m book-marking and will be tweeting this to
    my followers! Excellent blog and excellent style and design.

  • Good post but I was wondering if you could write a litte more on this subject?
    I’d be very grateful if you could elaborate a little bit further.
    Cheers!

  • This design is spectacular! You definitely know how to
    keep a reader amused. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Wonderful
    job. I really enjoyed what you had to say, and more than that, how you presented
    it. Too cool!

  • hello there and thank you for your info – I have certainly picked up something new from right
    here. I did however expertise some technical points using this
    web site, since I experienced to reload the website a lot of times previous to I could get it to load
    correctly. I had been wondering if your hosting is OK?
    Not that I am complaining, but slow loading instances times will very frequently affect your placement in google and can damage your quality score
    if advertising and marketing with Adwords. Well
    I’m adding this RSS to my e-mail and can look out for much more of your respective intriguing content.
    Ensure that you update this again soon.

  • I just want to tell you that I am new to blogs and certainly enjoyed you’re web blog. Likely I’m planning to bookmark your website . You amazingly come with remarkable articles. With thanks for revealing your website.

  • What’s up, just wanted to say, I liked this post. It was helpful. Keep on posting!|

  • I do not know if it’s just me or if perhaps everyone else encountering issues with your blog. It appears as if some of the text on your content are running off the screen. Can someone else please comment and let me know if this is happening to them too? This could be a issue with my internet browser because I’ve had this happen before. Thanks|

  • Great article. I will be dealing with some of these issues as well..|

  • Good day! I know this is somewhat off topic but I was wondering which blog platform are you using for this website? I’m getting sick and tired of WordPress because I’ve had issues with hackers and I’m looking at options for another platform. I would be great if you could point me in the direction of a good platform.|

  • Outdoor Furniture Cape Town, Address: 12 Natal St, Paarden Eiland, Cape Town, 7405, Phone: 087 133 0261

  • I’ve learn several good stuff here. Certainly price bookmarking for revisiting.
    I wonder how a lot effort you place to make any such great informative site.

    cheap flights 3gqLYTc

  • Outdoor Furniture Cape Town, Address: 12 Natal St, Paarden Eiland, Cape Town, 7405, Phone: 087 133 0261

  • Amazing! This blog looks exactly like my old one! It’s on a completely different subject but it has pretty much the same page layout and design. Outstanding choice of colors!|

  • This is the right webpage for anyone who really wants to understand this
    topic. You understand a whole lot its almost tough to argue with you
    (not that I actually would want to…HaHa). You definitely put
    a brand new spin on a topic that has been written about for
    years. Wonderful stuff, just excellent!

  • Thanks for the sensible critique. Me and my neighbor were just preparing to do a little research about this. We got a grab a book from our local library but I think I learned more clear from this post. I am very glad to see such fantastic info being shared freely out there.

  • I as well as my buddies have been looking through the great guidelines on your web page then quickly got a terrible suspicion I never thanked the blog owner for those secrets. All of the young men had been totally happy to study them and now have clearly been enjoying those things. Many thanks for turning out to be very considerate and also for going for such marvelous useful guides millions of individuals are really desperate to understand about. My honest regret for not expressing gratitude to you sooner.

  • Thanks for the sensible critique. Me & my neighbor were just preparing to do a little research about this. We got a grab a book from our area library but I think I learned more from this post. I am very glad to see such wonderful information being shared freely out there.

  • Good day! This is my first visit to your blog! We are a team of
    volunteers and starting a new project in a community in the
    same niche. Your blog provided us valuable information to work on. You
    have done a marvellous job!

  • Can I just say what a aid to find someone who really knows what theyre talking about on the internet. You undoubtedly know the best way to deliver an issue to mild and make it important. Extra individuals need to learn this and perceive this aspect of the story. I cant believe youre not more common since you undoubtedly have the gift.

  • You actually make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complicated and very broad for me. I am looking forward for your next post, I’ll try to get the hang of it!

  • Nice post. I learn one thing tougher on different blogs everyday. It will at all times be stimulating to learn content material from other writers and follow a bit one thing from their store. I’d desire to use some with the content material on my blog whether you don’t mind. Natually I’ll give you a link in your internet blog. Thanks for sharing.

  • I’m impressed, I have to say. Really not often do I encounter a blog that’s each educative and entertaining, and let me inform you, you’ve gotten hit the nail on the head. Your idea is excellent; the difficulty is something that not enough persons are speaking intelligently about. I am very pleased that I stumbled throughout this in my search for one thing relating to this.

  • I am now not sure the place you’re getting your information, but good topic. I must spend some time finding out more or figuring out more. Thanks for excellent info I was looking for this info for my mission.

  • Good V I should definitely pronounce, impressed with your web site. I had no trouble navigating through all the tabs as well as related info ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, website theme . a tones way for your customer to communicate. Excellent task..

  • Hi there! I could have sworn I’ve been to this website before but after checking through some of the post I realized it’s new to me. Nonetheless, I’m definitely happy I found it and I’ll be bookmarking and checking back frequently!

  • Does your blog have a contact page? I’m having problems locating it but, I’d like to send you an e-mail. I’ve got some recommendations for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it improve over time.|

  • It’s going to be finish of mine day, but before finish I am reading this great post to improve my experience.|

  • Hello, I enjoy reading all of your post. I wanted to write a little comment to support you.|

  • I’m amazed, I must say. Rarely do I encounter a blog that’s both equally educative and entertaining, and without a doubt, you’ve hit the nail on the head. The problem is something that too few people are speaking intelligently about. Now i’m very happy I came across this during my hunt for something concerning this.|

  • buy cialis 20mg

    IRS Warns Taxpayers to Beware of First-Time Homebuyer Credit Fraud « St Louis Real Estate News

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>