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June 23, 2010 at 11:43 PM #571326June 24, 2010 at 7:26 AM #570422SD TransplantParticipant
http://www.cnbc.com/id/37870056
Nearly 1,300 prison inmates wrongly received more than $9 million in tax credits for homebuyers despite being locked up when they claimed they bought a home, a government investigator reported Wednesday. The investigator said 241 of the inmates were serving life sentences.
In all, more than 14,100 taxpayers wrongly received at least $26.7 million in tax credits that were meant to boost the nation’s slumping housing markets, said the report by J. Russell George, the Treasury Department’s inspector general for tax administration.
Some taxpayers received the credit for homes purchased before the tax break was started. In other cases, multiple taxpayers improperly used the same home to claim multiple credits. Investigators found one home that was used by 67 taxpayers to claim credits.
“This is very troubling,” George said. “Congress created and modified the homebuyer credit to stimulate the economy and help taxpayers achieve the American dream, not to line the pockets of wrongdoers.”
The Internal Revenue Service says it is taking steps to get the money back. The agency noted that more than 2.6 million taxpayers claimed the tax credit through April—claiming $18.7 billion in credits—with only a tiny fraction going to prison inmates or other scofflaws.
“A very small number of payments were made to prisoners incorrectly, which the IRS is now taking all steps to recapture and to prevent going forward,” the IRS said in a statement. “The IRS will follow up on every instance of an improper prisoner payment and take swift and appropriate enforcement actions.”
The report blemishes an otherwise popular tax break that was sweetened once by President Barack Obama as part of his economic recovery package and again by Congress when it was extended into this spring. The National Association of Realtors says the tax credit has generated 1 million new home sales that wouldn’t have happened otherwise.
June 24, 2010 at 7:26 AM #570514SD TransplantParticipanthttp://www.cnbc.com/id/37870056
Nearly 1,300 prison inmates wrongly received more than $9 million in tax credits for homebuyers despite being locked up when they claimed they bought a home, a government investigator reported Wednesday. The investigator said 241 of the inmates were serving life sentences.
In all, more than 14,100 taxpayers wrongly received at least $26.7 million in tax credits that were meant to boost the nation’s slumping housing markets, said the report by J. Russell George, the Treasury Department’s inspector general for tax administration.
Some taxpayers received the credit for homes purchased before the tax break was started. In other cases, multiple taxpayers improperly used the same home to claim multiple credits. Investigators found one home that was used by 67 taxpayers to claim credits.
“This is very troubling,” George said. “Congress created and modified the homebuyer credit to stimulate the economy and help taxpayers achieve the American dream, not to line the pockets of wrongdoers.”
The Internal Revenue Service says it is taking steps to get the money back. The agency noted that more than 2.6 million taxpayers claimed the tax credit through April—claiming $18.7 billion in credits—with only a tiny fraction going to prison inmates or other scofflaws.
“A very small number of payments were made to prisoners incorrectly, which the IRS is now taking all steps to recapture and to prevent going forward,” the IRS said in a statement. “The IRS will follow up on every instance of an improper prisoner payment and take swift and appropriate enforcement actions.”
The report blemishes an otherwise popular tax break that was sweetened once by President Barack Obama as part of his economic recovery package and again by Congress when it was extended into this spring. The National Association of Realtors says the tax credit has generated 1 million new home sales that wouldn’t have happened otherwise.
June 24, 2010 at 7:26 AM #571027SD TransplantParticipanthttp://www.cnbc.com/id/37870056
Nearly 1,300 prison inmates wrongly received more than $9 million in tax credits for homebuyers despite being locked up when they claimed they bought a home, a government investigator reported Wednesday. The investigator said 241 of the inmates were serving life sentences.
In all, more than 14,100 taxpayers wrongly received at least $26.7 million in tax credits that were meant to boost the nation’s slumping housing markets, said the report by J. Russell George, the Treasury Department’s inspector general for tax administration.
Some taxpayers received the credit for homes purchased before the tax break was started. In other cases, multiple taxpayers improperly used the same home to claim multiple credits. Investigators found one home that was used by 67 taxpayers to claim credits.
“This is very troubling,” George said. “Congress created and modified the homebuyer credit to stimulate the economy and help taxpayers achieve the American dream, not to line the pockets of wrongdoers.”
The Internal Revenue Service says it is taking steps to get the money back. The agency noted that more than 2.6 million taxpayers claimed the tax credit through April—claiming $18.7 billion in credits—with only a tiny fraction going to prison inmates or other scofflaws.
“A very small number of payments were made to prisoners incorrectly, which the IRS is now taking all steps to recapture and to prevent going forward,” the IRS said in a statement. “The IRS will follow up on every instance of an improper prisoner payment and take swift and appropriate enforcement actions.”
The report blemishes an otherwise popular tax break that was sweetened once by President Barack Obama as part of his economic recovery package and again by Congress when it was extended into this spring. The National Association of Realtors says the tax credit has generated 1 million new home sales that wouldn’t have happened otherwise.
June 24, 2010 at 7:26 AM #571135SD TransplantParticipanthttp://www.cnbc.com/id/37870056
Nearly 1,300 prison inmates wrongly received more than $9 million in tax credits for homebuyers despite being locked up when they claimed they bought a home, a government investigator reported Wednesday. The investigator said 241 of the inmates were serving life sentences.
In all, more than 14,100 taxpayers wrongly received at least $26.7 million in tax credits that were meant to boost the nation’s slumping housing markets, said the report by J. Russell George, the Treasury Department’s inspector general for tax administration.
Some taxpayers received the credit for homes purchased before the tax break was started. In other cases, multiple taxpayers improperly used the same home to claim multiple credits. Investigators found one home that was used by 67 taxpayers to claim credits.
“This is very troubling,” George said. “Congress created and modified the homebuyer credit to stimulate the economy and help taxpayers achieve the American dream, not to line the pockets of wrongdoers.”
The Internal Revenue Service says it is taking steps to get the money back. The agency noted that more than 2.6 million taxpayers claimed the tax credit through April—claiming $18.7 billion in credits—with only a tiny fraction going to prison inmates or other scofflaws.
“A very small number of payments were made to prisoners incorrectly, which the IRS is now taking all steps to recapture and to prevent going forward,” the IRS said in a statement. “The IRS will follow up on every instance of an improper prisoner payment and take swift and appropriate enforcement actions.”
The report blemishes an otherwise popular tax break that was sweetened once by President Barack Obama as part of his economic recovery package and again by Congress when it was extended into this spring. The National Association of Realtors says the tax credit has generated 1 million new home sales that wouldn’t have happened otherwise.
June 24, 2010 at 7:26 AM #571426SD TransplantParticipanthttp://www.cnbc.com/id/37870056
Nearly 1,300 prison inmates wrongly received more than $9 million in tax credits for homebuyers despite being locked up when they claimed they bought a home, a government investigator reported Wednesday. The investigator said 241 of the inmates were serving life sentences.
In all, more than 14,100 taxpayers wrongly received at least $26.7 million in tax credits that were meant to boost the nation’s slumping housing markets, said the report by J. Russell George, the Treasury Department’s inspector general for tax administration.
Some taxpayers received the credit for homes purchased before the tax break was started. In other cases, multiple taxpayers improperly used the same home to claim multiple credits. Investigators found one home that was used by 67 taxpayers to claim credits.
“This is very troubling,” George said. “Congress created and modified the homebuyer credit to stimulate the economy and help taxpayers achieve the American dream, not to line the pockets of wrongdoers.”
The Internal Revenue Service says it is taking steps to get the money back. The agency noted that more than 2.6 million taxpayers claimed the tax credit through April—claiming $18.7 billion in credits—with only a tiny fraction going to prison inmates or other scofflaws.
“A very small number of payments were made to prisoners incorrectly, which the IRS is now taking all steps to recapture and to prevent going forward,” the IRS said in a statement. “The IRS will follow up on every instance of an improper prisoner payment and take swift and appropriate enforcement actions.”
The report blemishes an otherwise popular tax break that was sweetened once by President Barack Obama as part of his economic recovery package and again by Congress when it was extended into this spring. The National Association of Realtors says the tax credit has generated 1 million new home sales that wouldn’t have happened otherwise.
July 5, 2010 at 3:20 PM #575545ArrayaParticipantFed Made Taxpayers Unwitting Junk-Bond Buyers
http://www.bloomberg.com/news/2010-07-01/fed-s-maiden-lane-made-taxpayers-junk-bond-buyers-without-congress-knowing.html?source=patrick.netJuly 5, 2010 at 3:20 PM #575641ArrayaParticipantFed Made Taxpayers Unwitting Junk-Bond Buyers
http://www.bloomberg.com/news/2010-07-01/fed-s-maiden-lane-made-taxpayers-junk-bond-buyers-without-congress-knowing.html?source=patrick.netJuly 5, 2010 at 3:20 PM #576165ArrayaParticipantFed Made Taxpayers Unwitting Junk-Bond Buyers
http://www.bloomberg.com/news/2010-07-01/fed-s-maiden-lane-made-taxpayers-junk-bond-buyers-without-congress-knowing.html?source=patrick.netJuly 5, 2010 at 3:20 PM #576272ArrayaParticipantFed Made Taxpayers Unwitting Junk-Bond Buyers
http://www.bloomberg.com/news/2010-07-01/fed-s-maiden-lane-made-taxpayers-junk-bond-buyers-without-congress-knowing.html?source=patrick.netJuly 5, 2010 at 3:20 PM #576573ArrayaParticipantFed Made Taxpayers Unwitting Junk-Bond Buyers
http://www.bloomberg.com/news/2010-07-01/fed-s-maiden-lane-made-taxpayers-junk-bond-buyers-without-congress-knowing.html?source=patrick.netJuly 5, 2010 at 4:59 PM #575565RicechexParticipantI think to get an idea about how bad welfare fraud is, it is good to get it from the horse’s mouth. I met 2 County Eligibility workers a couple of years ago. They both hated their jobs. The recipients were demanding, aggressive and entitled. They confirmed that they drive up in fancy cars and clothes and demand welfare now.
They reported daily fraud that they could do nothing about. Though there is the 5 year window, this can be extended for any disability and a doctor’s note. This was well known and there are quite a few docs out there in on the scam and they write the notes. I guess the docs get some kind of kick back. Lots of back problems magically turn up right before the welfare expires. Presto! Extended another 5 years.
Here is another one:
My hairstylist owns her own salon. She does not make great money, but she gets by on a decent salary. She has been receiving Section 8 housing allowance for 10+ years, and medicare for her and 2 children. A couple of years ago she charged up her CC so she could get invitro fertilization (Medicare won’t pay for that….) and have a baby with the BF. Now, the BF lives with her and the baby of course. They don’t marry because it is not financially lucrative due to her government benes. Should we really be paying for her health care and Section 8 housing allowance? (before I get attacked by anyone for seeing the hairstylist….she is a very good one and most of the ladies know…when you find a good stylist you keep her…)July 5, 2010 at 4:59 PM #575661RicechexParticipantI think to get an idea about how bad welfare fraud is, it is good to get it from the horse’s mouth. I met 2 County Eligibility workers a couple of years ago. They both hated their jobs. The recipients were demanding, aggressive and entitled. They confirmed that they drive up in fancy cars and clothes and demand welfare now.
They reported daily fraud that they could do nothing about. Though there is the 5 year window, this can be extended for any disability and a doctor’s note. This was well known and there are quite a few docs out there in on the scam and they write the notes. I guess the docs get some kind of kick back. Lots of back problems magically turn up right before the welfare expires. Presto! Extended another 5 years.
Here is another one:
My hairstylist owns her own salon. She does not make great money, but she gets by on a decent salary. She has been receiving Section 8 housing allowance for 10+ years, and medicare for her and 2 children. A couple of years ago she charged up her CC so she could get invitro fertilization (Medicare won’t pay for that….) and have a baby with the BF. Now, the BF lives with her and the baby of course. They don’t marry because it is not financially lucrative due to her government benes. Should we really be paying for her health care and Section 8 housing allowance? (before I get attacked by anyone for seeing the hairstylist….she is a very good one and most of the ladies know…when you find a good stylist you keep her…)July 5, 2010 at 4:59 PM #576185RicechexParticipantI think to get an idea about how bad welfare fraud is, it is good to get it from the horse’s mouth. I met 2 County Eligibility workers a couple of years ago. They both hated their jobs. The recipients were demanding, aggressive and entitled. They confirmed that they drive up in fancy cars and clothes and demand welfare now.
They reported daily fraud that they could do nothing about. Though there is the 5 year window, this can be extended for any disability and a doctor’s note. This was well known and there are quite a few docs out there in on the scam and they write the notes. I guess the docs get some kind of kick back. Lots of back problems magically turn up right before the welfare expires. Presto! Extended another 5 years.
Here is another one:
My hairstylist owns her own salon. She does not make great money, but she gets by on a decent salary. She has been receiving Section 8 housing allowance for 10+ years, and medicare for her and 2 children. A couple of years ago she charged up her CC so she could get invitro fertilization (Medicare won’t pay for that….) and have a baby with the BF. Now, the BF lives with her and the baby of course. They don’t marry because it is not financially lucrative due to her government benes. Should we really be paying for her health care and Section 8 housing allowance? (before I get attacked by anyone for seeing the hairstylist….she is a very good one and most of the ladies know…when you find a good stylist you keep her…)July 5, 2010 at 4:59 PM #576292RicechexParticipantI think to get an idea about how bad welfare fraud is, it is good to get it from the horse’s mouth. I met 2 County Eligibility workers a couple of years ago. They both hated their jobs. The recipients were demanding, aggressive and entitled. They confirmed that they drive up in fancy cars and clothes and demand welfare now.
They reported daily fraud that they could do nothing about. Though there is the 5 year window, this can be extended for any disability and a doctor’s note. This was well known and there are quite a few docs out there in on the scam and they write the notes. I guess the docs get some kind of kick back. Lots of back problems magically turn up right before the welfare expires. Presto! Extended another 5 years.
Here is another one:
My hairstylist owns her own salon. She does not make great money, but she gets by on a decent salary. She has been receiving Section 8 housing allowance for 10+ years, and medicare for her and 2 children. A couple of years ago she charged up her CC so she could get invitro fertilization (Medicare won’t pay for that….) and have a baby with the BF. Now, the BF lives with her and the baby of course. They don’t marry because it is not financially lucrative due to her government benes. Should we really be paying for her health care and Section 8 housing allowance? (before I get attacked by anyone for seeing the hairstylist….she is a very good one and most of the ladies know…when you find a good stylist you keep her…) -
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