Will Illegal Immigrants Really Get A Huge Check From the IRS?
Whether you are for or against President Obama’s immigration plan, the fact that all the illegal immigrants in the country could file tax returns and claim refunds for the last three years, seems outrageous. However, according to the IRS, under the Earned Income Tax Credit, that is precisely what could happen. It doesn’t matter if a person has never even filed a return or reported any income.
Under the president’s plan an illegal immigrant could get a Social Security number, and then qualify for the Earned Income Credit for the last three years, thanks to a current IRS practice. That means even though someone who has only been in the country for a short time could actually claim money for three years just by acquiring a Social Security number and filing for the Earned Income Credit.
The country would literally be giving away billions of dollars in free money to people who are illegally living in the United States. However, according to reports, one U.S. lawmaker has already created a bill that would prevent undocumented workers from receiving this tax credit.
Representative Patrick McHenry is also concerned that the President’s actions could open the door to dozens of fraudulent returns and billions of dollars in lost tax revenue. He claims that any illegal worker in the U.S. that broke the law to get here should not receive benefits from the country’s tax system.
The DNA That Drives our Money Behavior with Hugh Massie, Founder of DNA Behavior
Transcript: Alan Olsen Hi, this is Alan Olsen and welcome to American Dreams. My guest today is Hugh Massie. He is the chairman and founder of DNA Behavioral International, and which is focuses on behavior, money insights. And he has also done a lot of tremendous work in, in his life path. And I’m gonna…
Peptide Therapy: Treating the Root Cause, Not Symptoms – Regan Archibald
Transcript: Alan Olsen Hi, this is Alan Olsen and welcome to American Dreams. My guest today is Reagan Archibald Reagan. Welcome to today’s show. Regan Archibald So good to be here, Alan. Alan Olsen So in your in your life path can you give the listeners your timeline of how you got to where you…
The Modern NFL Quarterback Market, 3 Views
Written by Ryan Hickman. As we approach the NFL draft, the quarterback market remains volatile. Many consider Tom Brady to be the greatest football player of all time. Why? As the starting quarterback for the New England Patriots, Brady led their franchise to 6 super-bowl championships before leaving in the 2020 offseason to Tampa Bay…
Five Keys to a Successful Family Business
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