4,608 prisoners apply for homebuyer tax credit on 2008 tax returns

Tip of the iceberg.

We identified 4,608 prisoners listed on the IRS 2009 Prisoner File8 who attempted to claim the Homebuyer Credit on their Tax Year 2008 returns, despite the fact that they were in prison at the time their qualifying home was reportedly purchased (951 of these claims were filed by paid preparers).

Via KEYTlaw.

And from CNNMoney.com, 34 “improper filers” were IRS employees. And that was during the 2008 tax year! Holy Mackerel! Can you imagine what 2009 and 2010 tax returns will look like!

June 24, 2010 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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