The $8,000 home buyer tax credit has been a source of confusion for Salem Oregon home buyers for a good chunk of the year. There have been many false articles written about who can and can’t use the tax credit.
The IRS just prosecuted it’s first case of home buyer tax credit fraud and is warning home buyers to be cautious. The tax preparer that plead guilty to the charges is facing three years in jail and a $250,000 fine. Doesn’t seem worth it for an $8,000 tax credit.
So, if you are looking to buy some real estate in the Salem Oregon area make sure you are 1) qualified for the current tax credit and 2) that your file for the credit in accordance with the laws.