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.
Robert Mixon – Founder of Level Five Associates
After years of serving in the Military as a general, Robert Mixon teaches some of the valuable Leadership lessons which he learned. Among these leadership principles are Trust and Empowerment; Listening; balancing personal and professional life; and Taking charge. Listen to Robert Mixon as He Elaborates on how he got to become a U.S. General,…
4 Reasons Steph Curry is 2022 MVP
4 Reasons Steph Curry is 2022 MVP Here are 4 reasons I believe Steph Curry deserves to be the 2022 NBA MVP despite his recent struggles. First, and by way of full disclosure, I personally really like Steph Curry. However, personal bias aside, it’s hard to deny that Steph is not just a great…
David Singh – Preserving Capital for the Next Generation
David Singh – Preserving Capital for the Next Generation Bio: David Singh, Chairman and CEO of Swiss Alpha Management: David Singh has a long and distinguished career in finance and banking spanning 27 years: 18 years of wealth management & advisory experience with family offices, and UHNWI; 9 years of Investment Banking & Trading experience…
Bob Regnier – Founder of Bank of Blue Valley
Running a Bank is no easy business. But Bob Regnier has been the CEO and Founder of Blue Valley Bank for more than 30 years! Find out how he undertook not only this feat, but also how he actively contributes to the community through education. About Bob Regnier Bob Regnier is the Founder and Vice…