Prisoners Cashed in on Home Buyer Tax Credit (documentation, inspector, offering)

[Member1]

Nearly $30 million stolen from Homebuyer Credit: report - Jun. 23, 2010

[2bindenver]

At least we know where they are.

[manderly6]

This is why we see threads about people having to wait a long time for their credit and why a lot of documentation is being asked for.

[bustaduke]

Originally Posted by Member1

Nearly $30 million stolen from Homebuyer Credit: report - Jun. 23, 2010

It was on our local radio station yesterday that thousands of IRS workers also received the credits that were not initialed to it.

But the IRS said it was OK because they were going to make sure that it was returned.


busta

[TimtheGuy]

ANYTIME, there is a government handout there is MASSIVE fruad!! Why do we keep offering crap like this??

[lifelongMOgal]

Originally Posted by 2bindenver

At least we know where they are.

Yes, old news but at least it will be easy to add charges to their jail sentences for fraud (felony level at that).

[lifelongMOgal]

Originally Posted by bustaduke

It was on our local radio station yesterday that thousands of IRS workers also received the credits that were not initialed to it.

But the IRS said it was OK because they were going to make sure that it was returned.


busta

Elected representatives and employees of federal agencies need to be held to the same laws as appy to every citizen, period.

[cheryjohns]

Also, they need to go after the "paid preparers" that the story mentioned. For people that were NOT prisoners, we need to charge them and make them prisoners, including the IRS employees. They each cheated us out of $8K each - the fines and punishment needs to be high - so people aren't tempted to do this.

[MadManofBethesda]

Originally Posted by TimtheGuy

ANYTIME, there is a government handout there is MASSIVE fruad!! Why do we keep offering crap like this??

Ooooh, massive fraud!

Oh, wait.

That was M-A-S-S-I-V-E fraud in all caps!

Let's see, now. The IRS psid out over $12 billion in tax credits and the IG identified about $30 million that was paid out improperly. That works out to about 1/4 of 1%.

IOW, 99.75% was paid out appropriately and 00.25% wasn't.

So, for every $4.00 that was paid out, $3.99 was appropriate and one penny was not. Not to mention the fact that the Department of Treasury has identified the inappropriate penny that was given out.

Yeah, you're right.

MASSIVE fraud!!!!

[GreenGene]

Originally Posted by bustaduke

It was on our local radio station yesterday that thousands of IRS workers also received the credits that were not initialed to it.

(I'm assuming you mean entitled to, not initialed to.)

Your local radio station's estimate re: IRS employees is slightly different from the estimate given in the article.

"The report also found that improper filers included 34 employees of the IRS. This is in addition to 53 IRS employees that the inspector general identified last year as improper filers."