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Congress scrutinizes problems in home buyer credit
The rush to implement a tax credit for first-time home buyers opened the program up to potential fraud by people who hadn't bought a home or already owned one, Congress was told Thursday.J. Russell George, Treasury Inspector General for Tax Administration, questioned the eligibility of some 100,000 claims out of the 1.5 million who have sought to take advantage of the $8,000 tax credit incorporated
The rush to implement a tax credit for first-time home buyers opened the program up to potential fraud by people who hadn't bought a home or already owned one, Congress was told Thursday.J. Russell George, Treasury Inspector General for Tax Administration, questioned the eligibility of some 100,000 claims out of the 1.5 million who have sought to take advantage of the $8,000 tax credit incorporated
Lawmakers seek to extend $8,000 tax credit
Lawmakers are trying to extend and expand an $8,000 federal tax credit for first-time homebuyers, a stimulus-package tax break that many regard as a significant prop for the still-tottering economy.
Lawmakers are trying to extend and expand an $8,000 federal tax credit for first-time homebuyers, a stimulus-package tax break that many regard as a significant prop for the still-tottering economy.
Clock ticking on first-time homebuyer tax credit
-ballyhooed tax credit for first-time homebuyers is drawing to an end — unless Congress decides to extend it.
-ballyhooed tax credit for first-time homebuyers is drawing to an end — unless Congress decides to extend it.
Now, an EMI holiday
From equated monthly instalment (EMI) subvention, it is now EMI holiday, with real estate developers agreeing to bear the buyers’ repayment obligation till handing over possession.
From equated monthly instalment (EMI) subvention, it is now EMI holiday, with real estate developers agreeing to bear the buyers’ repayment obligation till handing over possession.
Senate approves $15,000 tax credit for homebuyers
The Senate voted on Wednesday night to give a tax break of up to $15,000 to homebuyers in hopes of revitalizing the housing industry, a victory for Republicans eager to leave their mark on a mammoth
The Senate voted on Wednesday night to give a tax break of up to $15,000 to homebuyers in hopes of revitalizing the housing industry, a victory for Republicans eager to leave their mark on a mammoth
Spanish developers use offers, rental to ease pain
Spanish builders are tempting cagey homebuyers with free cars, mortgage holidays and hard cash as they try to lift the gloom shrouding the crisis-hit housing sector. Some are also diving into the rent
Spanish builders are tempting cagey homebuyers with free cars, mortgage holidays and hard cash as they try to lift the gloom shrouding the crisis-hit housing sector. Some are also diving into the rent
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