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Feds: Lure of sweet $8,000 check leads IRS agent, 13 others astray

March 25, 2011

The Feds have indicted a New Hampshire IRS agent for trying to help himself to the Homebuyer Credit cookie jar:

An eighth individual, Michael Doyle, 44, of Hudson, NH, was also indicted for filing false, fictitious and fraudulent claims with the IRS and faces the same penalties. The indictment of Doyle alleges that he was a long time employee of the IRS who falsely claimed to have purchased his home in 2008 in order to obtain a tax refund by claiming the First-Time Home Buyer Tax Credit, even though he had purchased his home in 2007 and therefore wasn’t eligible for the stimulus related benefit.

But we can be highly confident that tax preparers who go through IRS-authorized continuing education and send $65 to Accenture for a PTIN won't have these problems. After all, IRS supervision keeps people from getting the tax law wrong.

Related: Smartmoney Tax Blog, Why the Homebuyer Credit Didn’t Work

UPDATE: The TaxProf has more.

Tags: homebuyer credit.preparer regulation.PTIN.tax crime.