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IRS eyeing homebuyer tax credit claims

Agency reports first fraud conviction involving incentive
Published on Jul 29, 2009

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by CareyBot

The Internal Revenue Service says a Jacksonville, Fla.-based tax preparer is the first to be succesfuly prosecuted for fraud related to the federal first-time homebuyer tax credit.

James Otto Price III, 47, pled guilty on July 23 to falsely claiming the first-time homebuyer credit on a client ...