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
Top Tips for Becoming More Productive

Top Tips for Becoming More Productive

Top Tips for Becoming More Productive Unless you happen to be a sloth, everyone wants to be more productive. Productivity is one of the keys to personal and career success. The problem is, many people just aren’t willing to do what it takes to become more productive. Thus, being productive is easier said than done.…

Where Do Most Americans Fall With Proposed Tax Reform?

Where Do Most Americans Fall With Proposed Tax Reform?

Where Do Most Americans Fall With Proposed Tax Reform? Tax reform is coming. At least that’s what we’ve been led to believe for the better part of a year now. Ever since Donald Trump won the election last November, most of the nation has been expecting tax reform. Here we are a year later and…

What’s the Biggest Mistake By People Who Work a Side Job?

What’s the Biggest Mistake By People Who Work a Side Job?

What’s the Biggest Mistake By People Who Work a Side Job? Everyone wants to make more money. For many that mean picking up a side job to earn a little more cash. There are literally hundreds of side jobs out there but most are only good for a few extra dollars. However, there is a…

Senate’s Tax Bill Would Raise Taxes on Stock Sales

Senate’s Tax Bill Would Raise Taxes on Stock Sales

Senate’s Tax Bill Would Raise Taxes on Stock Sales Capital gains have long been a controversy when it comes to taxes. Many high net worth individuals use capital gains to make the majority of their money. Because the tax rate on gains from stock sales are much lower than taxes on personal income, this is…