First-Time Homebuyer Tax Credit
2009-10-22T10:05:05-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMjY0XC8yODk1OTEtbS5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Witnesses testified about a $8,000 dollar tax credit for first-time home buyers, which Congress is considering extending beyond the end of the current year. A report by the inspector general overseeing IRS operations said as many as 100,000 people (costing about $500 million) may have claimed the credit fraudulently. Witnesses focused on abuses of the credit, proposed legislative changes, and controls to ensure accuracy of claims.
Witnesses testified about a $8,000 dollar tax credit for first-time home buyers, which Congress is considering extending beyond the end of t… read more
Witnesses testified about a $8,000 dollar tax credit for first-time home buyers, which Congress is considering extending beyond the end of the current year. A report by the inspector general overseeing IRS operations said as many as 100,000 people (costing about $500 million) may have claimed the credit fraudulently. Witnesses focused on abuses of the credit, proposed legislative changes, and controls to ensure accuracy of claims. close
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