NM Ping
If you want on or off the NM Ping list, please FReepmail me.
Access to the ping list is available to anyone by going to my FR home page.
Posted on 09/27/2009 2:27:13 PM PDT by greyfoxx39
The tax credit program offers up to $8,000 to eligible first-time homebuyers, who claim the credit by filing a specific IRS form with their federal tax return. The credit is a dollar-fordollar credit on the amount owed by a homebuyer in federal taxes. If a buyer doesn’t owe the IRS any money at the end of the year, the credit amount comes back as cash in the pocket.
The scam involved primarily fictitious returns filed between February and April
with no tax liability, thus the tax credit came back as cash. Most of the returns used fake W-2 forms and had no paid preparer.-SNIP-
Named in issued search war
rants are Jerry Gurule with an address on Bedrock NW in Albuquerque, Lawrence Jaramillo with an address on Crimson NW in Albuquerque, Andre Lewis with an address on Vaughn NE in Rio Rancho, and Katie Rusk with an address on Quincy SE in Albuquerque.Court documents allege that Gurule was paid 21 tax credits worth $150,104, Jaramillo was
paid 33 credits worth $233,852, Lewis was paid 15 credits worth $149,674 and Rusk was paid 3 credits worth $22,400. The documents note that Jaramillo is also under investigation by the Secret Service for bank fraud.
(Excerpt) Read more at epaper.abqjournal.com ...
NM Ping
If you want on or off the NM Ping list, please FReepmail me.
Access to the ping list is available to anyone by going to my FR home page.
Seems the IRS computers are much better at dishing out checks than they are about noticing blatantly wrong situations.
I wonder what the tax and homebuyer assistance experts at ACORN offices told their “clients” regarding this gummint giveaway?
Banks are swapping their Fannie/Ginnie Mae toxic loans for FHA toxic loans like mad. Why? Ginnie/Fannie Mae loans, because they are not govt insured, can only be carried on their books for about 20% face value. Govt insured FHA loans on the other hand, CAN be carried at 100% face. By end of 2010 the FHA will carry $1 Trillion worth. Guess who picks up the tab when these FHA loans go bad?
Recognizing this site has its own agenda, check THIS out.
Thats the way we roll here in the New Mexican Territory.
My daughter and her husband who have the income required for and did this legitimately took advantage of this credit...nice to see someone who is contributing taxes taking advantage of this.
This makes me sick.
Oh, plesae. There couldn’t POSSIBLY be any fraud, waste and abuse in ANY government-sanctioned program to ‘help’ people by re-distributing wealth through confiscatory taxation!
You cwazy! ;)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.