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.
The True Value of Communication
The True Value of Communication Communication is extremely valuable in all relationships and in almost every setting. If you want to have a successful relationship with your spouse you must be able to communicate effectively with each other. If you want to have a positive relationship with your children, then you have to learn to communicate with them. Communication in…
A Guide to Family Business Decision Making
The topic of group decision making has spawned many academic studies, books, and white papers. It is never easy to get a group of human beings to make a decision together; it’s hard enough for a single individual to make a decision! Add to the mix more people with their cultural differences, values, needs, desires,…
State of Real Estate in The SF Bay Area: A Moment with Nancie Allen, Broker at Masterkey Real Estate Advantage
Transcript of Nancie Allen interview, “State of Real Estate in The SF Bay Area”: Alan Olsen: Can you walk us though your career path? Nancie Allen: I’m a born and bred Fremont resident. I moved here when I was 2 and I went to the public schools here. I still live about a mile…
Where the Future of Cryptocurrency is Headed? Miko Matsumura, Co-founder of Evercoin
Transcript: Alan Olsen: So Miko you are a cereal entrepreneur founder of crypto currency company; you have done a lot in your life but for the listeners, can you bring us a history of your timeline of what brought you up to where you are to day and what brought you to the crypto currency…