The Refund

Post #275
I read this story recently from the IRS Commissioner in the Washington Times. I include it WITHOUT comment. I’ll just let you “chew” on it.

Mr. Koskinen, testifying to the House oversight committee, said the White House never asked him or anyone else at the IRS about the potential tax effects of his amnesty policy.

On Wednesday, he said even illegal immigrants who didn’t pay taxes will be able to apply for back-credits once they get Social Security numbers.

The EITC (Earned Income Tax Credit) is a refundable tax credit, which means those who don’t have any tax liability can still get money back from the government.

“Under the new program, if you get a Social Security number and you work, you’ll be eligible to apply for the Earned Income Tax Credit,” Mr. Koskinen said.

He said that would apply even “if you did not file” taxes, as long as the illegal immigrant could demonstrate having worked off-the-books during those years.

He said only about 700,000 illegal immigrants currently work and pay taxes using an Individual Taxpayer Identification Number, but as many as 4 million illegal immigrants could get a stay of deportation and work permits under the temporary amnesty, which would mean they would be eligible to claim back-refunds if they worked those years.

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About tgriggs17

Retired, CPA, enjoy freshwater fishing, being with my grandchildren, friends and family
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One Response to The Refund

  1. Tammie says:

    Only in the USA

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