Wednesday, April 17, 2013

RUBENSTEIN: Collecting billions in a loophole - Washington Times

 

Most ITINs are issued to illegal immigrants living in the country. Many do not work. Many more do not even have children. They file federal income-tax returns often with the help of tax-filing services solely to receive a child tax-credit refund.

The IRS knowingly allows illegal aliens who claim children to get Earned Income Tax Credit cash payments of up to $5,891 per household. This is one reason why these cash payments are expected to exceed $52 billion in fiscal year 2012 alone. The General Accountability Office (GAO) estimates that roughly a quarter of all Earned Income Tax Credit payments are issued improperly.

RUBENSTEIN: Collecting billions in a loophole - Washington Times

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