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how irs determens eligibility for first time home buyers credit?what happens if some lies to irs ?

how irs determens eligibility for first time home buyers credit?i mean how irs investigates first time home ownership.what happens when someone wrongfully claims this credit?
  • February 05 2010 - Lodi
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Answers (1)

If the wrongfully claim the credit and are caught, they have to pay back the money and may face possible civil or criminal penalties.

To prevent fraud, the IRS is hand reviewing all applications and cross checking them against past tax records.
  • February 05 2010
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