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Audit Finds Thousands Wrongfully Claimed First-Time Home Buyers’ Credit, Totaling About $134 Million

irs-taxes-formThe Internal Revenue Service failed to find thousands of taxpayers that wrongfully claimed the first-time home buyers’ credit, totaling about $134 million, a report said. Questionable claims were made by prison inmates serving life sentences, IRS employees nationwide, and others who used the same addresses for hundreds of claims, according to the report. Star Ledger.

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