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
TechCrunch Disrupt SF 2016- Rolik

TechCrunch Disrupt SF 2016- Rolik

TechCrunch Disrupt SF 2016- Rolik Alan: I’m here today with Sergei Gritsenko and he’s the co-founder of Rolik. Sergei, welcome to today’s show. Sergei: Thank you. Nice to meet you as well. Alan: So Sergei, tell me about your company. You currently are doing the world’s first digital video ad in the market place. Sergei:…

TechCrunch Disrupt SF 2016- SAP Hybris

TechCrunch Disrupt SF 2016- SAP Hybris

TechCrunch Disrupt SF 2016- SAP Hybris Alan: Hi, this is Alan Olsen, and I’m here today with Samuel Schneider and he is with SAP Hybrid labs. Samuel, welcome to today’s show. Samuel: Hi, thanks. Yeah that was Hybris and Hybris is an SAP company and we are here offering our API market place. Alan: So…

TechCrunch Disrupt 2016- Spherica

TechCrunch Disrupt 2016- Spherica

TechCrunch Disrupt 2016- Spherica Alan: Hi, this is Alan Olsen. I’m here at TechCrunch and I’m here with Alina Mikhaleva she is the managing partner of a company called Spherica. Welcome to today’s show. Alina: Thank you so much. Thank you for having us. Alan: And also, this is Nick back here and Nick is…

The Biggest Challenge Entrepreneurs Face

The Biggest Challenge Entrepreneurs Face

The Biggest Challenge Entrepreneurs Face Alan: Running a company is never easy and you know, this show at American Dreams talks about pathways in life. And I had a guest come on once and say “In life there is no path, but it’s really the path is created by the series of choices that we…