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.
Team Building | Joan LeMahieu
Episode Transcript of: Team Building | Joan LeMahieu Alan Welcome back. And with Joan LeMahieu, who here at currently the Director at City Beach. John, welcome to today’s show. Joan LeMahieu Thank you, Alan. It’s a pleasure to be here. Alan So John, can you tell me about yourself? Joan LeMahieu Well, that’s a wide…
Legal Factors | Roger Royse
Interview Transcript of: Legal Factors | Roger Royse Alan Welcome back. I’m here today with Roger Royse. He is a founder of the rice law firm with three offices in Palo Alto, San Francisco, and Los Angeles. Roger, welcome to today’s show. Roger Royse Thanks, Alan, good to be here. Alan Roger, give me your…
Corporate Governance | Dr. Douglas Y. Park
Transcript of: Corporate Governance | Dr. Douglas Y. Park Alan Welcome back. I’m here today with Dr. Douglas Park. He’s an attorney with the Ramone law firm located in Palo Alto. Doug, welcome to today’s show. Doug Thank you, Alan, I’m happy to be here. Alan Doug, can you tell us about your background,…