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.
Omni Channel Entrepreneurship | Alexandra Mysoor
Episode Transcript of: Omni Channel Entrepreneurship | Alexandra Mysoor Alexandra Mysoor What omni channel really means is taking a holistic approach to your brand. It’s not being channel agnostic. It’s not just being an ecommerce distribution platform or bricks and mortar or even in some cases catalog Believe it or not, it’s still a very…
Stanford University-School Of Engineering | Richard Dasher
Stanford University-School Of Engineering | Richard Dasher Alan Welcome back. I’m here today with Richard Dasher. He’s a PhD from Stanford University where he serves the roles of director of the US Asia Technology Management Center. And he’s also the executive director at the Center for Integrated Systems and consulting. Welcome to the show.…
Situational Leadership | Tim Kearin
Episode Transcript of: Situational Leadership | Tim Kearin Alan In the book, you turn you talk about learning to apply situational leadership. Now, my understanding is that as you and can begin working together with all the leadership books that he wrote, you didn’t really realize what this was about. Can you expand on that?…
Doing Business In China | Kenneth Epstein
Episode transcript of: Doing Business In China | Kenneth Epstein Alan Olsen: Entrepreneurs that are wanting to do business in China, if they are bringing intellectual property, I’ve heard mixed stories here, what is your take on bringing your intellectual property into China? Kenneth Epstein: Well, its a challenge but it can be done, and…