Flaws Found in IRS’ Coordination, Procedures for Home Foreclosures
November 15, 2010
Inconsistency in how the Internal Revenue Service processed mortgage foreclosure cases and coordinated with local U.S. Attorneys’ Offices may have caused taxpayers to miss an opportunity to reduce the amount of taxes they owed, according to a new government report. The report by the Treasury Inspector General for Tax Administration (TIGTA) found...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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