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Economy Watch - Homebuyer Tax Credit Sees Some Cheating

October 28th, 2009

In testimony reminiscent of dogs getting credit-card applications approved back during the mid-2000s credit bubble, a Treasury Department inspector told Congress that kids as young as four years old have been able to receive $8,000 first-time homebuyer tax credits. “Some key controls were missing to prevent an individual from erroneously or fraudulently claiming the credit,” J. Russell George told the House Ways and Means Committee’s oversight panel on Thursday. pa href="http://feedads.g.doubleclick.net/~a/hva4c9yGw8rdP4juqq0LQPZok4U/0/da"img src="http://feedads.g.doubleclick.net/~a/hva4c9yGw8rdP4juqq0LQPZok4U/0/di" border="0" ismap="true"/img/abr/ a href="http://feedads.g.doubleclick.net/~a/hva4c9yGw8rdP4juqq0LQPZok4U/1/da"img src="http://feedads.g.doubleclick.net/~a/hva4c9yGw8rdP4juqq0LQPZok4U/1/di" border="0" ismap="true"/img/a/p

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