Wall St. Journal:  “The Treasury’s inspector general for tax administration, J. Russell George, recently told Congress that at least 19,000 filers hadn’t purchased a home when they claimed the credit.  For another 74,000 filers, claiming a total of $500 million in credits, evidence suggests that they weren’t first-time buyers.  Among those claiming bogus credits, at least some of them were definitely first-timers.  The credit has already been claimed by 500 people under the age of 18, including a four-year-old.”

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

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