Prison Inmates Received $Millions in Homebuyer Tax Credit

June 23, 2010

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From an article in CNBC

“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.”

“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.”

Just another massive government bailout failure.

The IRS is attempting to recover the funds.

Tell ’em where you saw it. Http://www.victoriataft.com