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.
Committing to Humanity is So Important
Heidi Kuhn – Founder of Roots of Peace Heidi Kuhn is passionate about humanitarian work and has dedicated her life to making a difference in the world. As the founder of Roots of Peace, a humanitarian-nonprofit organization that is working to replace the scourge of landmines with sustainable agricultural farmland, Heidi, via Roots of Peace,…
The Evolution of Business Education
The Evolution of Business Education Dr. Jason Earl, Director for the Willes Center for International Entrepreneurship at BYU-Hawaii Dr. Jason Earl Transcript: Alan Can you share a little about your background? Jason I started down the path of engineering, ended up in corporate finance, ran a startup company, which sold to a private equity…
Amazon Best Seller, “My Path” Donates 100% of Proceeds
Alan L. Olsen, CPA and Author of the Amazon best selling book “My Path, Living the Life You Deserve”, is donating all proceeds from the book towards supporting the James Alma Lee Learning Center and Southern Virginia University. The Book is now an Amazon best seller! We are excited and proud to announce that after…