1. He has no problem filing for refunds he's not entitled to and...
2. He's going to be a guest of one of our nation's Graybar hotels.
For most people, this causes financial hardship. Luckily, there is hope for him...
http://money.cnn.com/2010/06/23/real_es ... lus_fraud/
CNN wrote:NEW YORK (CNNMoney.com) -- More than 1,200 prison inmates, including 241 serving life sentences, defrauded the government of $9.1 million in tax credits reserved for first-time homebuyers, according to a Treasury Department report released Wednesday.
Edit: Cool title. Thanks, guys!According to the report, 4,608 state and federal inmates filed for these tax credits, and that fraudulent refunds were doled out to 1,295 of them.
The inspector general's report said the most "egregious" fraudsters were 715 prison lifers, including 174 who filed with the help of paid preparers. From this group, 241 lifers were awarded $1.7 million.
The problem was particularly bad in Florida: 61% of the lifers who got credits were incarcerated in the Sunshine State.
"It is possible for an inmate to buy a house while in prison," said Jo Ellyn Rackleff, spokeswoman for the Florida Department of Corrections. "We have inmates in Florida prisons who still have businesses outside. Many of the inmates have families with children who live outside."
She said that one of the reasons why Florida inmates feature prominently in the Treasury report is because the Florida prison system is transparent in providing inmate information to the IRS.
"We provide [the IRS] with data quarterly," she said. "If we receive an IRS check in the Post Office of an institution, the IRS will receive a call that we received a check, to make sure it's all legitimate."