Comments on: Hey Kid, Wanna Buy a House?

By: New Home Buyer Tax Credit Massive Tax Fraud | KEYTLaw

New Home Buyer Tax Credit Massive Tax Fraud | KEYTLaw — Thu, 29 Oct 2009 15:45:31 +0000

[...] See also Taxgirl’s post called “Hey Kid, Wanna Buy a House?“ [...]

By: First Time Homebuyer’s Credit Likely Expanded | taxgirl

First Time Homebuyer’s Credit Likely Expanded | taxgirl — Thu, 29 Oct 2009 11:14:45 +0000

[...] evidence that the credit has been used inappropriately – and perhaps criminally – lawmakers have agreed to extend the credit through the end of April. In addition to the [...]

By: Roth & Company, P.C.

Roth & Company, P.C. — Mon, 26 Oct 2009 12:05:59 +0000

Homebuyer credit: end it, don’t mend it….

In the wake of rampant fraud in the first-time homebuyer credit — including home “purchases” by four-year-olds — a congresscritter……

By: u262f

u262f — Mon, 26 Oct 2009 07:56:10 +0000

I completely agree with your last two paragraphs, and I wish people would take that into consideration. If the population grows, we won’t have enough land for everybody, and all these incentives are going to merely create another housing bubble cycle all over again. People should buy a house when they’re financially ready and when they want/need one, not because they want to take advantage of some random tax shelter. All this meddling merely shifts the length of the housing cycles and does nothing useful in the long term.

By: Mary Kay Foss

Mary Kay Foss — Fri, 23 Oct 2009 17:11:53 +0000

The creativity of tax cheats continues to astound me. I wish they would use their creativity for the good of all instead of personal gain. Maybe IRS needs a consultant to tell them all of the possible ways to get around the rules first so they can design forms and procedures to cut down on fraud.

By: uberVU - social comments

uberVU - social comments — Fri, 23 Oct 2009 15:47:27 +0000

Social comments and analytics for this post…

This post was mentioned on Twitter by taxgirl: Stats on 1st time homebuyer credit fraud grow more dark: http://bit.ly/gkTIR...

By: Tweets that mention Hey Kid, Wanna Buy a House? | taxgirl -- Topsy.com

Tweets that mention Hey Kid, Wanna Buy a House? | taxgirl -- Topsy.com — Fri, 23 Oct 2009 11:08:08 +0000

[...] This post was mentioned on Twitter by Kelly Phillips Erb, Stephen Bloom. Stephen Bloom said: RT @taxgirl: Stats on 1st time homebuyer credit fraud grow more dark: http://bit.ly/gkTIR / / And we thought cash-4-clunkers was bad! Wow! [...]