{"id":26779,"date":"2009-10-21T21:13:09","date_gmt":"2009-10-22T01:13:09","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/?p=26779"},"modified":"2019-04-23T20:55:28","modified_gmt":"2019-04-23T20:55:28","slug":"nar-wants-8k-credit-extendedirs-reports-widespread-fraud","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/nar-wants-8k-credit-extendedirs-reports-widespread-fraud\/","title":{"rendered":"NAR wants $8K credit extended;IRS reports widespread fraud"},"content":{"rendered":"<p>The National Association of Realtors (NAR) wants the Obama Administration to extend the $8K tax credit for first-time home buyers but the Obama Administration is concerned about\u00a0the cost of the program\u00a0and the IRS claims widespread fraud.\u00a0 However, lawmakers understand that the program is popular and has helped spur the housing recovery.<\/p>\n<p>The existing credit which expires on November 30, allows qualified first-time home buyers to reduce their federal income taxes by 10 percent of the price of a home, up to a maximum of $8,000. Homes purchased after Jan. 1 are eligible. The full credit is limited to single filers making less than $75,000 a year and joint filers making less than $150,000.<\/p>\n<p>About 1.4 million first-time homebuyers have qualified for the credit through August. The National Association of Realtors estimates that 350,000 of them would not have purchased their homes without the credit. <a href=\"http:\/\/www.floridarealtors.org\/NewsAndEvents\/article.cfm?id=225590\">Read more.<br \/>\n<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Association of Realtors (NAR) wants the Obama Administration to extend the $8K tax credit for first-time home buyers but the Obama Administration is concerned about\u00a0the cost of the program\u00a0and the IRS claims widespread fraud.\u00a0 However, lawmakers understand that the program is popular and has helped spur the housing recovery. The existing credit which<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/nar-wants-8k-credit-extendedirs-reports-widespread-fraud\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":5437,"featured_media":130092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NAR wants $8K credit extended;IRS reports widespread fraud - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/nar-wants-8k-credit-extendedirs-reports-widespread-fraud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NAR wants $8K credit extended;IRS reports widespread fraud - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"The National Association of Realtors (NAR) wants the Obama Administration to extend the $8K tax credit for first-time home buyers but the Obama Administration is concerned about\u00a0the cost of the program\u00a0and the IRS claims widespread fraud.\u00a0 However, lawmakers understand that the program is popular and has helped spur the housing recovery. The existing credit whichRead More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ewmrealestate.com\/blog\/nar-wants-8k-credit-extendedirs-reports-widespread-fraud\/\" \/>\n<meta property=\"og:site_name\" content=\"BHHS EWM Realty\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/EWMRealtyInternational\" \/>\n<meta property=\"article:published_time\" content=\"2009-10-22T01:13:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-23T20:55:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"376\" \/>\n\t<meta property=\"og:image:height\" content=\"376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Debra Spadafora\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Debra Spadafora\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/nar-wants-8k-credit-extendedirs-reports-widespread-fraud\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/nar-wants-8k-credit-extendedirs-reports-widespread-fraud\/\"},\"author\":{\"name\":\"Debra Spadafora\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/9980000bb662aff02a03bbf507c06833\"},\"headline\":\"NAR wants $8K credit extended;IRS reports widespread fraud\",\"datePublished\":\"2009-10-22T01:13:09+00:00\",\"dateModified\":\"2019-04-23T20:55:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/nar-wants-8k-credit-extendedirs-reports-widespread-fraud\/\"},\"wordCount\":149,\"publisher\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#organization\"},\"articleSection\":[\"EWM News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/nar-wants-8k-credit-extendedirs-reports-widespread-fraud\/\",\"url\":\"https:\/\/ewmrealestate.com\/blog\/nar-wants-8k-credit-extendedirs-reports-widespread-fraud\/\",\"name\":\"NAR wants $8K credit extended;IRS reports widespread fraud - 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The existing credit whichRead More","og_url":"https:\/\/ewmrealestate.com\/blog\/nar-wants-8k-credit-extendedirs-reports-widespread-fraud\/","og_site_name":"BHHS EWM Realty","article_publisher":"https:\/\/www.facebook.com\/EWMRealtyInternational","article_published_time":"2009-10-22T01:13:09+00:00","article_modified_time":"2019-04-23T20:55:28+00:00","og_image":[{"width":376,"height":376,"url":"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg","type":"image\/jpeg"}],"author":"Debra Spadafora","twitter_misc":{"Written by":"Debra Spadafora","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ewmrealestate.com\/blog\/nar-wants-8k-credit-extendedirs-reports-widespread-fraud\/#article","isPartOf":{"@id":"https:\/\/ewmrealestate.com\/blog\/nar-wants-8k-credit-extendedirs-reports-widespread-fraud\/"},"author":{"name":"Debra Spadafora","@id":"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/9980000bb662aff02a03bbf507c06833"},"headline":"NAR wants $8K credit extended;IRS reports widespread fraud","datePublished":"2009-10-22T01:13:09+00:00","dateModified":"2019-04-23T20:55:28+00:00","mainEntityOfPage":{"@id":"https:\/\/ewmrealestate.com\/blog\/nar-wants-8k-credit-extendedirs-reports-widespread-fraud\/"},"wordCount":149,"publisher":{"@id":"https:\/\/ewmrealestate.com\/blog\/#organization"},"articleSection":["EWM News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ewmrealestate.com\/blog\/nar-wants-8k-credit-extendedirs-reports-widespread-fraud\/","url":"https:\/\/ewmrealestate.com\/blog\/nar-wants-8k-credit-extendedirs-reports-widespread-fraud\/","name":"NAR wants $8K credit extended;IRS reports widespread fraud - 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