Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
03-24-2016, 09:56 PM #1
Illegals Collected Nearly $5.9 Billion in Improper Child Tax Credits
Illegals Collected Nearly $5.9 Billion in Improper Child Tax Credit
by Team DML/ March 23, 2016
Illegal Aliens collected majority of the $5.9 billion in improper Child Tax Credits paid by the IRS in FY2013.
The Federation for American Immigration Reform reported yesterday that the House Ways and Means Committee passed by a 21-15 vote key legislation by Rep. Sam Johnson (R-TX) last Wednesday that would close a loophole under current tax law that allows illegal aliens to collect the Additional Child Tax Credit (ACTC). (CQ News, Mar. 16, 2016)
The ACTC is a refundable credit that allows individuals with three or more children to reduce their federal income tax by up to $1,000 for each child who meets certain criteria. The ACTC is attractive to illegal aliens because a valid social security number (which illegal aliens lack) is not required to claim the credit. Instead, federal tax law allows a filer to claim the credit using an Individual Taxpayer Identification Number (ITIN). The Internal Revenue Service freely issues ITINs to illegal aliens so they can comply with federal tax law (even though they are violating immigration laws).
According to the Treasury Department Inspector General, the Internal Revenue Service paid out at least $5.9 billion in improper ACTC payments in Fiscal Year 2013, or about 25 to 30 percent of the total payments. (Politico, Dec. 9, 2014) An overwhelming amount of the fraudulent payments go to illegal aliens.
For example, an Indianapolis television station uncovered in April 2012 that four illegal aliens alone, sharing a small trailer received $29,608 from the IRS by claiming tax credits for 20 nieces and nephews who live in Mexico. (13 WTHR, Apr. 26, 2012) Investigators identified one address in Atlanta where 23,994 ITIN-related tax refunds were sent, including 8,393 refunds deposited into a single bank account. (Washington Times, Oct. 14, 2014) Further, the Washington Times found the use of the tax credit by illegal aliens jumped from 796,000 in 2005 to 1.5 million in 2008 and 2.3 million in 2010. (Id.)
http://dennismichaellynch.com/loophole-for-illegals-collect-child-tax-credit/
Similar Threads
-
Another Scandal: US Government Gives $100 BILLION in Improper Payments...
By AirborneSapper7 in forum Other Topics News and IssuesReplies: 0Last Post: 07-10-2014, 02:10 PM -
Government made $100 billion in improper payments to citizens
By JohnDoe2 in forum Other Topics News and IssuesReplies: 1Last Post: 07-09-2014, 06:51 PM -
IRS allows $7BILLION improper tax credits for illegal aliens
By JohnDoe2 in forum illegal immigration News Stories & ReportsReplies: 11Last Post: 04-24-2009, 11:47 AM -
Foreigners (ILLEGAL IMMIGRANTS) allowed improper tax credits
By agrneydgrl in forum General DiscussionReplies: 6Last Post: 04-19-2009, 01:20 PM -
Report Says IRS Let Foreigners Take Improper Tax Credits
By paravour in forum illegal immigration News Stories & ReportsReplies: 6Last Post: 04-16-2009, 09:14 PM
Durbin pushes voting rights for illegal aliens without public...
04-25-2024, 09:10 PM in Non-Citizen & illegal migrant voters