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Title: "Illegal Immigrants Getting Bigger Tax Refunds" Post by: WhiskeyGirl on May 02, 2012, 09:51:51 AM Quote Bob Segall, of WTHI reports finding a massive tax loophole that provides billions of dollars in tax credits to undocumented workers and, in many cases, people who have never stepped foot in the United States. And you are paying for it. Quote Each spring, at tax preparation offices all across the nation, many illegal immigrants are now eagerly filing tax returns to take advantage of a tax loophole, using their ITIN numbers to get huge refunds from the IRS. The loophole is called the Additional Child Tax Credit. It's a fully-refundable credit of up to $1000 per child, and it's meant to help working families who have children living at home. Quote One of the workers, who was interviewed at his home in southern Indiana, admitted his address was used this year to file tax returns by four other undocumented workers who don't even live there. Those four workers claimed 20 children live inside the one residence and, as a result, the IRS sent the illegal immigrants tax refunds totaling $29,608. read more here - http://www.wbiw.com/state/archives/2012/04/illegal_immigrants_getting_big.php (http://www.wbiw.com/state/archives/2012/04/illegal_immigrants_getting_big.php) What do they do with that money? Buy new cars? Used cars for cash? Stash it in foreign bank accounts? Title: "Undocumented workers filed 3.02 million tax returns in 2010" Post by: WhiskeyGirl on May 02, 2012, 09:54:24 AM Also from the article -
* Claims for additional child tax credits by ITIN filers have skyrocketed during the past decade, from $161 million in 2001 to $4.2 billion in tax year 2010. * Undocumented workers filed 3.02 million tax returns in 2010. 72% of those returns (2.18 million) claimed the additional child tax credit. * In 2010, the IRS owed undocumented workers more in claimed additional child tax credits than it collected from those workers in taxes. Why isn't government looking out for taxapers? Americans? Tax refunds for illegal aliens on borrowed money? |