Want to Get Audited? Apply for Homebuyer Credit
by Stephen Ohlemacher, Associated Press Writer
Thursday, April 15, 2010
WASHINGTON -- Here's a good way to get audited by the Internal Revenue Service this year: claim the new homebuyer tax credit.
About a fifth of all IRS examinations done by mail in the past six months were for people claiming the credit, National Taxpayer Advocate Nina E. Olson told a congressional committee Thursday -- the filing deadline for individual tax returns.
The audits mean big delays in getting refunds -- as much as five months -- just as Congress and the Obama administration hope that tax refunds will spur economic growth and the homebuyer tax credit will improve the housing market.
Full story:
http://finance.yahoo.com/taxes/arti...or-homebuyer-credit?mod=taxes-advice_strategy
by Stephen Ohlemacher, Associated Press Writer
Thursday, April 15, 2010
WASHINGTON -- Here's a good way to get audited by the Internal Revenue Service this year: claim the new homebuyer tax credit.
About a fifth of all IRS examinations done by mail in the past six months were for people claiming the credit, National Taxpayer Advocate Nina E. Olson told a congressional committee Thursday -- the filing deadline for individual tax returns.
The audits mean big delays in getting refunds -- as much as five months -- just as Congress and the Obama administration hope that tax refunds will spur economic growth and the homebuyer tax credit will improve the housing market.
Full story:
http://finance.yahoo.com/taxes/arti...or-homebuyer-credit?mod=taxes-advice_strategy