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.

Posted in
Are You Ready for the 2018 Tax Filing Season?

Are You Ready for the 2018 Tax Filing Season?

Are You Ready for the 2018 Tax Filing Season? The tax season is just about here and that means it’s already past time to start getting ready to file your return. With that in mind, here are some tried and true tips that you can use to help you get prepared. First off, start gathering…

What Does the New Tax Law Mean for Your Housing?

What Does the New Tax Law Mean for Your Housing?

What Does the New Tax Law Mean for Your Housing? With the new tax reform bill finally in the books, the time for fighting over the bill is over. Now it’s time to let the fight over how it’s going to affect taxpayers, begin. There’s no question the new law is going to affect nearly…

The Senate Passed the Tax Bill and This is What We Know

The Senate Passed the Tax Bill and This is What We Know As of the wee hours of the morning last Saturday, the Senate just passed tax reform. While we are all still anxiously waiting to see what will end up on President Trumps desk, let’s review some of the information that we have up…

Trump Calls for Complete Overhaul of Tax System

Trump Calls for Complete Overhaul of Tax System

Trump Calls for Complete Overhaul of Tax System Calling it the “biggest tax cut in history,” President Donald Trump last week laid out his administration’s plan to completely overhaul the nation’s tax system. Tax reform was one of the biggest calling cards of the new president during his campaign, which ended in victory last November.…