Russell George, Treasury Inspector General, ran an audit on the
Homebuyers Tax Credit and found $500M in fraud. Here is just some of what he found.
- 582 children under 18 years of age were given the tax credit
- 3000 non-residents were given the tax credit
- 53 IRS employees falsely claimed the tax credit
The IRS doesn't even require documentation that you bought a home . Not only is this a horrible job by the IRS, but these people should be prosecuted. The non-residents should have their green cards taken away, if they have them at all, and the IRS employees should go to jail.
And they wonder why we don't trust the idea of a
government run program?
Reference #1Reference #2
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