Wednesday, May 23, 2012
IRS does poor job of handling homeowner tax credit programs
An audit showed the IRS was unable to verify key requirements for eligibility. Many people who claimed tax credits for installing energy-saving equipment and materials in their houses showed no evidence of owning a home.
Can the Internal Revenue Service handle tax credit programs that pump out billions of dollars to homeowners and buyers? A new federal investigation on home energy tax credits suggests the answer may be: Not quite yet.
Read the original post on L.A. Times – Real Estate News
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