Showing posts with label first time home buyer credit. Show all posts
Showing posts with label first time home buyer credit. Show all posts
Sunday, January 12, 2014
Wednesday, July 29, 2009
IRS Warns Taxpayers to Beware of First-Time Homebuyer Credit Fraud
WASHINGTON — The Internal Revenue Service today 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.
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