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NBC: Tax loophole costs billions
NBC ^ | 4/26/2012 | Bob Segall

Posted on 05/03/2012 11:12:51 AM PDT by Beave Meister

Millions of illegal immigrants are getting a bigger tax refund than you. Eyewitness News shows 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!

Note: This is part one in a two-part series. Read part two here.

INDIANAPOLIS - Inside his central Indiana office, a longtime tax consultant sits at his desk, shaking his head in disbelief.

"There is not a doubt in my mind there's huge fraud taking place here," he said, slowly flipping through the pages of a tax return.

The tax preparer does not want you to know his name for fear of reprisal, but he does want you to know about a nationwide problem with a huge price tag.

He came to 13 Investigates to blow the whistle.

"We're talking about a multi-billion dollar fraud scheme here that's taking place and no one is talking about it," he said.

The scheme involves illegal immigrants -- illegal immigrants who are filing tax returns.

(Excerpt) Read more at wthr.com ...


TOPICS: Crime/Corruption; Front Page News; Government; News/Current Events
KEYWORDS: 2012; aliens; bribes; congress; corruption; democrats; elections; fairshare; fraud; govtabuse; ilegalstaxcredits; illegalimmigrants; illegals; immigrantlist; immigration; irs; liberals; loopholes; mexico; nbc; obama; taxcredits; taxes; taxloophole
This should cause outrage all over the nation!
1 posted on 05/03/2012 11:12:58 AM PDT by Beave Meister
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To: Beave Meister

Here’s another link to this story....

http://www.examiner.com/article/nbc-obama-irs-refunds-illegals-4-2-billion-for-kids-mexico


2 posted on 05/03/2012 11:14:35 AM PDT by Beave Meister (Die Hard Cubs Fan.....if it takes forever.)
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To: Beave Meister

Now that Romney is the presumptive nominee, is the press abandoning Obama for someone just as liberal but more palatable? Read that “less divisive”.


3 posted on 05/03/2012 11:21:47 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: Beave Meister

Every time I hear a b.s. story about “undocumented immigrants eagerly paying income taxes” my head almost explodes. Those deadbeats never have any federal income tax withheld from thier paychecks. Usually they go to Spanish speaking tax preparer to get their free money.


4 posted on 05/03/2012 11:33:23 AM PDT by forgotten man (forgotten man)
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To: Beave Meister

THIS IS UNBELIEVABLE...WE SHOULD ALL BE CALLING OUR CONGRESS CRITTERS DEMANDING THAT THIS BE STOPPED AND STOPPED RIGHT NOW!!!!!!!!! WE ARE SUCH SUCKERS


5 posted on 05/03/2012 11:35:28 AM PDT by sasafras (TIME FOR A RESURGENCE - FREEDOM IS NOT FREE - NO MORE COMPLAINING - LET'S GET BUSY!)
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To: Beave Meister

DNC vote buys


6 posted on 05/03/2012 11:36:00 AM PDT by NoLibZone (I trust Sarah Palin,Dick Cheney, Cain,Perry,Bachman Anyone but Obama,because I trust their judgment.)
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To: Beave Meister
From the IRS - (note the dependency test. In order to claim all those kids, each must have an SSN...this fraud is long,deep, wide and all day)

"Ten Facts about the Child Tax Credit

IRS Tax Tip 2011-29, February 10, 2011

The Child Tax Credit is an important tax credit that may be worth as much as $1,000 per qualifying child depending upon your income. Here are 10 important facts from the IRS about this credit and how it may benefit your family.

Amount - With the Child Tax Credit, you may be able to reduce your federal income tax by up to $1,000 for each qualifying child under the age of 17.

Qualification - A qualifying child for this credit is someone who meets the qualifying criteria of six tests: age, relationship, support, dependent, citizenship, and residence.

Age Test - To qualify, a child must have been under age 17 – age 16 or younger – at the end of 2010.

Relationship Test - To claim a child for purposes of the Child Tax Credit, they must either be your son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister or a descendant of any of these individuals, which includes your grandchild, niece or nephew. An adopted child is always treated as your own child. An adopted child includes a child lawfully placed with you for legal adoption.

Support Test - In order to claim a child for this credit, the child must not have provided more than half of their own support.

Dependent Test - You must claim the child as a dependent on your federal tax return.

Citizenship Test - To meet the citizenship test, the child must be a U.S. citizen, U.S. national, or U.S. resident alien.

Residence Test - The child must have lived with you for more than half of 2010. There are some exceptions to the residence test, which can be found in IRS Publication 972, Child Tax Credit.

Limitations - The credit is limited if your modified adjusted gross income is above a certain amount. The amount at which this phase-out begins varies depending on your filing status. For married taxpayers filing a joint return, the phase-out begins at $110,000. For married taxpayers filing a separate return, it begins at $55,000. For all other taxpayers, the phase-out begins at $75,000. In addition, the Child Tax Credit is generally limited by the amount of the income tax you owe as well as any alternative minimum tax you owe.

Additional Child Tax Credit - If the amount of your Child Tax Credit is greater than the amount of income tax you owe, you may be able to claim the Additional Child Tax Credit."


7 posted on 05/03/2012 11:54:12 AM PDT by stylin19a (Obama - The Man Who Shot Liberty Valance)
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To: Admin Moderator; Beave Meister

This needs to be posted to Front Page News


8 posted on 05/03/2012 12:39:18 PM PDT by EdReform (Oath Keepers - Guardians of the Republic - Honor your oath - Join us: www.oathkeepers.org)
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To: Beave Meister
"The tax preparer does not want you to know his name for fear of reprisal"

reprisal from who? La Raza?

9 posted on 05/03/2012 12:41:52 PM PDT by TurboZamboni (Looting the future to bribe the present)
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To: Beave Meister

FORWARD!


10 posted on 05/03/2012 12:42:51 PM PDT by Piranha (If you seek perfection you will end up with Democrats.)
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To: Beave Meister

This story has a ton of meat on the bone should anybody want to pursue it.

Think about it for a minute. It is bad enough this loop hole exists and that the IRS aids these people in the first place by giving them an ID number.

However, just when do you recall the IRS NOT pursing tax cheats unless they are democratic politicians?

The fix has to be in otherwise the IRS would be all over them like white on rice. Somebody, and I think we all know who, is pulling the reigns in tight on the IRS. Just think of the votes this money will buy.

Letters have already gone out to my Senators and Rep.


11 posted on 05/03/2012 12:48:35 PM PDT by Wurlitzer (Nothing says "ignorance" like Islam!)
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To: sasafras
THIS IS UNBELIEVABLE...WE SHOULD ALL BE CALLING OUR CONGRESS CRITTERS DEMANDING THAT THIS BE STOPPED AND STOPPED RIGHT NOW!!!!!!!!! WE ARE SUCH SUCKERS

Call your congress whore & expect anything to come from it? ROTFLMAO!

12 posted on 05/03/2012 2:32:14 PM PDT by Digger (If RINO is your selection then failure is your election)
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To: Digger; Wurlitzer

Near the bottom of the article
What’s next

Tomorrow night, 13 Investigates will show you how lawmakers are reacting to WTHR’s investigation and what they plan to do about. You’ll also hear why some undocumented workers say the credits are essential and should be left intact. Our investigation continues Friday night at 11:00.

Article and video here
http://www.wthr.com/story/17861738/will-lawmakers-act-to-close-tax-loophole-for-illegal-immigrants

Near the bottom of the article:

What can you do?

Congress may be voting on a budget measure in the coming weeks, and a budget reconciliation package now being considered in the House of Representatives contains language that would limit additional child tax credits to US citizens with a valid social security number. If you feel strongly about this issue – one way or another – now is a good time to let your lawmakers know. Their contact information is listed below:


13 posted on 05/03/2012 5:04:28 PM PDT by Whenifhow
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To: Beave Meister
Hogwash.

ACTC is 15% of excess of AGI over $3000. And ACTC is only to make up for CTC not available because CTC is not refundable.

It's complicated, but as income goes up, tax goes up, CTC goes up, and ACTC goes down.

Because the 15% bracket ends at the latest at $69,000 (MFJ) earning more will mean taxes increase faster than ACTC.

Everything you read on the net or view on NBC isn't necessarily true.

14 posted on 05/03/2012 5:13:08 PM PDT by Boojum
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To: Boojum
Not that there's no fraud being perpetrated, just that the figures are outrageous for a single return.

Anyone can claim anyone as a dependent as long as nothing tips off the feds.

The real culprit is EITC. Borrow a couple of kids and you're talking several thousand bucks in your pocket if you earn in the sweet spot.

Finally, please stop saying half the people pay no FIT . . . the truth is that half the people pay nothing and get big bucks back - over and above withholding.

15 posted on 05/03/2012 5:19:24 PM PDT by Boojum
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To: Beave Meister

tax loophole is government talk for.....hey, we’re letting some people keep too much of their own money....or in the case of guns, we’re letting these people have too much freedom


16 posted on 05/03/2012 6:09:58 PM PDT by goat granny
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To: Beave Meister

so this is only a local affiliate, I guess the networks would never mention it.


17 posted on 05/04/2012 9:45:22 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Whenifhow

Coming u next: NBC fires affiliate station manager and investigative team; releases name of tax preparer.


18 posted on 05/04/2012 10:03:06 PM PDT by EDINVA
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To: Beave Meister
This is the fault of John Boehner, RINO-OH.

http://webcache.googleusercontent.com/search?q=cache:t5_W9sfVOiIJ:www.fairus.org/issue/congress-votes-to-keep-giving-illegal-aliens-billions-in-tax-credits+&cd=9&hl=en&ct=clnk&gl=us

19 posted on 05/04/2012 10:24:23 PM PDT by cynwoody
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To: cynwoody

Gosh, we should just set up cash giveaway stations at the border and be done with it!!

This government needs to be totally DISMANTLED. From the top to the very bottom.

We have NO IDEA what these bureaucratic worms are up to at any given moment. It’s too huge.


20 posted on 05/05/2012 5:27:00 AM PDT by LibsRJerks
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To: stylin19a
Dependent Test - You must claim the child as a dependent on your federal tax return.

Looks like these are fraudulent filings, unless these kids have American social security numbers too. You have to enter a child's ssn to claim as a dependent.

21 posted on 05/05/2012 5:34:16 AM PDT by Alissa
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To: Beave Meister
Here's the direct link to the VIDEO. Disgraceful beyond belief. And it has QUADRUPLED since Obama became president.
22 posted on 05/05/2012 5:56:26 AM PDT by montag813
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To: Beave Meister
and America takes another one in the........

23 posted on 05/05/2012 6:31:13 AM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: cuban leaf

No, it’s more likely that now that the press has supported the most liberal candidate in the primaries they will switch to the most liberal candidate in the general.


24 posted on 05/05/2012 6:55:31 AM PDT by wrencher
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To: Beave Meister

The newspeak should outrage us as well: undocumented workers = illegal aliens


25 posted on 05/05/2012 7:10:38 AM PDT by 1010RD (First, Do No Harm)
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To: Beave Meister
This should cause outrage all over the nation!

Naw, people are too busy watching American Idol, The Kardashians, and posting on Facebook 24/7 to care about what the government steals from them.

26 posted on 05/05/2012 8:18:58 AM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: Wurlitzer
Think about it for a minute. It is bad enough this loop hole exists

There's really no "loop hole" involved. The criminal Mexicans are simply breaking the law. It isn't allowable for citizens to claim children who don't live with them either.

The IRS should crack down on these criminals with jail terms and then deportation.

27 posted on 05/05/2012 8:21:03 AM PDT by Graybeard58 (Romney vs. Obama? One of them has to lose, rejoice in that fact, whichever it is.)
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To: Beave Meister

If they are so brazen in claiming nieces and nephews in Mexico don’t try to convince me that they wouldn’t vote illegally.


28 posted on 05/05/2012 8:53:48 AM PDT by monocle
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Beave Meister.

Gosh, I guess we’ll be needing that VAT after all...


29 posted on 05/05/2012 8:58:08 AM PDT by SunkenCiv (FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
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To: Beave Meister

With the billions of dollars that are wired to Mexico every year by fraudulently documented workers illegally in this nation, I have no doubt that at least SOME of them supplement their living expenses in Uncle Sam’s house by receiving public assistance AFTER they have sent undeclared wages to another nation. Money that they COULD have lived on themselves.


30 posted on 05/05/2012 3:08:58 PM PDT by a fool in paradise (Barack Obama has cut and run from what he called "the right war".)
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To: Beave Meister

Dimocrats are so proud. Their destruction of Amerika is working.


31 posted on 05/05/2012 4:58:00 PM PDT by RetiredArmy (He has Risen!!! If you do not know Him, this is the perfect week to seek Him out!!!)
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To: Beave Meister
Haven't read further, but need the "flying pigs" photo since AP is reporting this.

It must be once a week that some other worshiper publishes something against the anointed marxist. The tide is slowly turning. I'm a little encouraged.

32 posted on 05/06/2012 1:17:22 AM PDT by A Navy Vet (An Oath Is Forever)
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To: forgotten man
Every time I hear a b.s. story about “undocumented immigrants eagerly paying income taxes” my head almost explodes. Those deadbeats never have any federal income tax withheld from thier paychecks.

File, get the EITC, and get more back than you paid in! What's not to like?

33 posted on 05/06/2012 1:37:27 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: wrencher

I think that is pretty likely, actually.


34 posted on 05/07/2012 6:01:43 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: EdReform; moder_ator
This needs to be posted to Front Page News

Moderator. Any chance this could be re-posted to Breaking News?

I'm flabbergasted that this is not receiving more attention.

R, Toad

35 posted on 05/08/2012 3:45:21 AM PDT by Toadman (To piss off a conservative, tell a lie. To piss off a liberal, tell the truth.)
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