Americas Watchdog & Its Corporate Whistle Blower Center are requesting IRS tax audits on the majority of the top 100 US residential homebuilders over the issue of massive Federal Tax Fraud. For five years the group has been pointing to the fact that the majority of US residential homebuilders used undocumented workers, typically Mexican nationals, to build most new residential homes or low rise condominiums from 2002-2007. How did this work? Big national, or regional homebuilders would hire crews of Mexican workers to build the homes, classify the undocumented workers as 1099 sub-contractors & no one paid any state, or federal taxes. According to the Wall Street Fraud Watchdog, "this was a clever scheme on the part of major national & regional homebuilders to avoid federal & state taxes, in order to make more money." There is even a bigger problem: According to the group, "many to most of these homes have serious construction defects, because the construction workers could not read or write English. Now the Obama Administration, and a bought and paid for Congress wants to bail out homebuilders? Lets let the taxpayers decide. We can prove everything." Media inquiries or potential whistle blowers can contact the Wall Street Fraud Watchdog at 866-714-6466 or contact them via their web site at Http://WallStreetFraudWatchdog.com. (PRWeb Feb 9, 2009)
Read the full story at http://www.prweb.com/releases/2009/02/prweb1967474.htm
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[Source: PRWeb: Business Real Estate]
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