May 31, 2007
Write-Offs:
- As the Internal Revenue Service cracks down on charities that it says have provided down-payment help that is of more benefit to property owners than to needy home buyers, another agency has taken steps to discourage such assistance in the future. The Department of Housing and Urban Development proposes that the federal government should no longer subsidize loans to home buyers who have accepted charitable assistance that is indirectly provided by the seller. Often, the department
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