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Old 05-25-2013, 12:21 PM
 
Location: Table Rock Lake
971 posts, read 1,134,810 times
Reputation: 939

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Massive tax fraud due to a tax loophole - A friend's CPA sent this to them. You may have already seen it but it was news to me. Itís a real eye opener! No wonder the country is going broke!
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Old 05-25-2013, 04:38 PM
 
Location: Great State of Texas
86,093 posts, read 69,922,493 times
Reputation: 27520
Here's a written version if you don't want to watch the video.
Nothing new though; this has been reported before about the child tax credit that illegals can file for.

NBC: Obama IRS refunds 'Illegals' $4.2 billion for kids--in Mexico - National Political Buzz | Examiner.com
Segall then met with Russell George, the U.S. Treasury Department's Inspector General for Tax Administration, who stated ... "The magnitude of the problem has grown exponentially," but that the IRS has known about the problem for years.

Mr. George said his department has repeatedly warned the IRS that additional child tax credits are being abused by undocumented workers--in 2009 alone, their annual audit report showed that ITIN tax filers received about $1 billion in additional child tax credits.

The same audit report from 2010 showed it cost the American tax payers more than $4.2 billion.
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Old 05-25-2013, 06:20 PM
 
Location: Table Rock Lake
971 posts, read 1,134,810 times
Reputation: 939
Quote:
Originally Posted by HappyTexan View Post
Here's a written version if you don't want to watch the video.
Nothing new though; this has been reported before about the child tax credit that illegals can file for.

NBC: Obama IRS refunds 'Illegals' $4.2 billion for kids--in Mexico - National Political Buzz | Examiner.com
Segall then met with Russell George, the U.S. Treasury Department's Inspector General for Tax Administration, who stated ... "The magnitude of the problem has grown exponentially," but that the IRS has known about the problem for years.

Mr. George said his department has repeatedly warned the IRS that additional child tax credits are being abused by undocumented workers--in 2009 alone, their annual audit report showed that ITIN tax filers received about $1 billion in additional child tax credits.

The same audit report from 2010 showed it cost the American tax payers more than $4.2 billion.
Thank you HappyTexan for the additional verification. The first email I got, I didn't believe anything like this could happen and deleted the email. The second time I had more time and couldn't find anything to refute the email. Thought I would put it here for any further thoughts from the C-D posters.

Due to my expierences with the Credit Reporting Agencies and the Social Security System I had lost faith with the public sectors accuracy, I suppose we should look towards many others as well. IMHO
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Old 05-30-2013, 09:14 AM
 
Location: CHicago, United States
6,936 posts, read 6,996,199 times
Reputation: 3487
If we could just find a way and the will to stop the waste and fraud in all levels of government, local, state and national ... the nation's financial woes would be substantially reduced. That's probably too much to wish for. But it certainly would be an accomplishment.
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Old 05-30-2013, 03:50 PM
 
Location: Pa
20,310 posts, read 18,892,472 times
Reputation: 6517
Quote:
Originally Posted by gomexico View Post
If we could just find a way and the will to stop the waste and fraud in all levels of government, local, state and national ... the nation's financial woes would be substantially reduced. That's probably too much to wish for. But it certainly would be an accomplishment.
No one can argue this point....
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Old 05-31-2013, 04:30 PM
 
6,502 posts, read 4,867,032 times
Reputation: 3584
And yet this doesnt come up in debates, and most media dont report on it. You know damn well most of the country would be outraged. Keep voting in the establishment folks, cuz this is what they enable and push for.
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Old 05-31-2013, 10:39 PM
 
Location: Metro Detroit, Michigan
11,920 posts, read 13,262,198 times
Reputation: 12663
Maybe this is what Obama means by spreading the wealth? Yup, out of our pockets and into the pockets of Mexicans living in Mexico. More than likely, 4 billion is a drop in the bucket compared to lost income earning potential for millions of American citizens. You know, the unemployed who are "unwilling" to take a growing majority of jobs that need doing?
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Old 06-01-2013, 07:02 AM
 
Location: Great State of Texas
86,093 posts, read 69,922,493 times
Reputation: 27520
Quote:
Originally Posted by Tilt11 View Post
And yet this doesnt come up in debates, and most media dont report on it. You know damn well most of the country would be outraged. Keep voting in the establishment folks, cuz this is what they enable and push for.
I hate to say it but even it if did get reported, most wouldn't be outraged because most don't give a crap what happens and don't follow politics or what goes on. MOST are apathetic and ignorant about current events.
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