IRS eyeing homebuyer tax credit claims

Agency reports first fraud conviction involving incentive

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

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