BUSINESS
03/18/2010 05:12 am ET Updated May 25, 2011

Homebuyer Tax Credits Went To Four-Year-Olds

There have been more than 500 instances of adults using the names of minors -- including a four-year-old -- to qualify for the first-time homebuyer tax credit, presumably to get around income caps and a requirement that the purchaser had never owned a home, a House panel learned Thursday.

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