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.
Impact’21 | Sanjeev Kumar Chaudhry, CEO of GIGAFORCE
Transcript of Sanjeev Kumar Chaudhry interview by Alan Olsen, Host of the American Dreams Show, at Impact”21: Alan Olsen: Visiting here today with Sanjeev Kumar Chaudhary Welcome to today’s show. Sanjeev Kumar Chaudhry: Thank you, thank you, Alan Olsen: So Sanjeev you’re the CEO and founder of Gigaforce, Sanjeev Kumar Chaudhry: That’s correct Alan Olsen: Tell me the inspiration behind…
Impact’21 | Sanjit Singh Dang
Transcript of Sanjit Singh interview by Alan Olsen, Host of the American Dreams Show at Impact’21: Alan Olsen: I’m visiting here today with Sanjit Singh Dang, and welcome to today’s show on American Dreams. Sanjit Singh Dang: Thank you. Thank you very much, Alan, thank you for having me on your show the American Dreams show. Alan…
Impact’21 | Ravi Swaminathan of TaskHuman
Transcript of Ravi Swaminathan of TaskHuman by Alan Olsen, Host of the American Dreams Show at Impact’21: Alan Olsen: I’m visiting here today with Ravi Swaminathan. And Ravi, welcome to American Dreams. Ravi Swaminathan: Thank you so much for having me Alan. Alan Olsen: So we’re here at the Impact Global Venture Summit. And I’ll tell you, I…
Impact’21 | Eric Ball of Impact Ventures
Transcript of Eric Ball of Impact Ventures interview by Alan Olsen, Host of the American Dreams Show at Impact’21: Alan Olsen: I’m here today with Eric Ball of Impact Venture Capital. Eric, welcome. Eric Ball: Thanks, Alan, great to be here. And great to have you here as well. Alan Olsen: So Eric, we’re in this phenomenal conference…