Skip to comments.IRS improperly paid out $132 billion in tax credits
Posted on 10/22/2013 3:42:40 PM PDT by Hojczyk
According to the report, improper payments in the past decade, from 2003 through 2012, totaled up to $132.6 billion dollars, peaking during the 2010 economic crisis at $18.4 billion dollars.
The report says the IRS was unable to show it has taken proper steps to fix the problem after the inspector general flagged it in 2008.
Here's how the tax credit works: low income working families get a credit that reduces their tax bill. The size of the credit depends on their income and number of children. If the credit is larger than what they owe, or they pay no taxes, they get a cash payment. The program was expanded as part of the Obama administration's stimulus.
This year, a married couple with three children can earn up to $51,567 dollars and qualify for a maximum $6,044 dollar tax credit.
The inspector general found up to one-fourth of the tax dollars is given to people who don't qualify. The report said the problem is a mix of fraud and honest families having trouble calculating the credit.
The IRS said it can't audit all 27 million families who claim the credit. The tax agency added that it prevents $4 billion in improper claims each year and is committed to expanding that.
(Excerpt) Read more at cbsnews.com ...
It’s only other peoples’ money.
Talk to anyone who works at a tax prep service and they will shake their head at the abuse of EITC and how the single moms and minorities beat a path to door so they can get that “working welfare” check
And many will lie their butts off to “qualify” or game the system, knowing exactly where the high point in the refund curve is.
i know a woman who lied on her tax return she Inflated her income to 9800 to get the max EIC. it was abt 4500.00 check. she only had a w2 for abt a thousand.
the corrupt “filer” knew what she was doing. this org. filed hundreds if not thousands of these claims. this is just one org. in lakeland fla.
see my post. you are right. its like a bell curve.
Damn. And here I am working like a slave to the feds and faithfully and honestly paying my taxes.
It is but one of innumerable theft pipes
The Democrat Party is a criminal enterprise.
IOW, congratulate me for doing what I'm paid to do. Golly thanks, Brave Sir Robin.
When the IRS isn't playing politics against conservatives for Obama, it's buying votes for him. This was no accident.
The credit should be abolished, most welfare programs too until the federal deficit is brought under control. If the poor don’t like it let them immigrate to Me-he-co or elsewhere.
Even if you don't care, I do.
I've had family members and friends be automatically denied military disability or social security benefits-supposedly because of the cheat rate.
I often hear people complain about “rich people” cheating on their taxes.
I submit to you that it is not the few rich tax cheats, but the many millions of “poor” (sarcasm) liars and cheaters, that have degraded my hard earned income buying powers and steadily increased the costs I pay for everything.
Who do these people fear?
Certainly not the government.
Nor their neighbors.
By your silence, you support and encourage their “crimes”.
They only fear the criminals who helped them learn how, and now take a cut of the money they willingly lied, cheated and stole to acquire.
If you think they are committing victimless crimes, you are sadly mistaken.
We have no official leaders.
It is an individual choice to allign with like minded people who believe that our government has been subverted by dishonest politicians, government workers and citizens who constantly lie, cheat and steal from the vast majority of honest citizens who don't.
i found that what she did was despicable and out right theft not to mention its criminal. i did not have access to find out the company but i know she drove 20 miles to file instead of the 5 minute drive to h&r block.
these people charged her 450.00 to file a 1000.00 w2.
i no longer speak to her.
btw. irs came after me and got 55,000 from me on top of the 20,000 they get each yr. that doesnt count all the taxes i pay for property utility et al.
do NOT assume i blew this off as ok. if i could have done something i would have.
other than throwing her and her two kids out on their a$$.
of which i did.
So I gather you are a landlord of small to mid level profit scales, accepting a greater than 30% number of government subsidized Section 8 payments for non-standard, un-qualified renters.
Am I correct?
no i took in a woman whose mother just died. took her and ger kids and gave them a warm bed a roof over their heads and worked with santa to provide a decent christmas
taught the youngest to swim
never asked for a dime
do you spend all your tine looking for the worst in people?
kind of feel sorry for sara.
I don't spend any time at all looking for the worst in people.
But they (the worst people) always do show up, even in places one would think they would studiously avoid, lest they be publically called out for lies, cheating and thefts.
They always get mad and say nasty things when I call them out.
As if it's my fault they are as they are.
well at least we see eye to eye on terry schiavo and i guess we both live in fla. btw i was there in person outside the death camp (i mean nursing home) for days on end til they finally killed her.
The “wealth confiscation” becomes more blatant and in-your-face every day.
Guessing the money went to Obama;s constiuents only!!!
Don't expect "republicans" to do it, even if they get back in power.
E.I.T.C. is owned by republicans. First proposed by Nixon, signed into law by Ford and increased under every administration since, without exception.
You got that right. Read on.
US Dept of the Treasury Says Illegal Aliens Collecting Billions in Tax Credits According to the US Dept of Treasurys Inspector General, more than $4.2 billion in additional child credits were paid out in 2010 to illegal immigrants. In 2005, the pay outs totaled $924 million.
This program allows low income earners to claim a $1,000 per child credit. $20 billion EITC is estimated to have been paid out to these cunning "impoverished" illegals.
Most of them are collecting over and over again-----using multiple identities-----falsifying official apps---claiming children they do not have and/or falsely stating kids are back in their homelands.
REFERENCE March 8, 2012 KENNER, La. -- Kenner police arrested illegal Marvin Baca who sold false W-2 forms to another illegal immigrant for $1,500. Baca sold fraudulent W-2 forms for $1,500 to other Hispanics here illegally.
Police said that on one of the forged W-2 forms had a SS no of a person living in Virginia. Police said illegal Hispanics purchase fictitious W-2 forms and file false tax returns with the government to receive EITC refunds. Baca was charged with one count of ID theft and two counts of forgery.
A WTHR-TV Indianapolis investigative report exposes a fraudulent scheme wherein the IRS is sending $4.2 billion per year to illegal immigrants as an "additional child tax credit" for children who don't even live in the U.S.
Further, the IRS and Congress have been ignoring the scheme for years. The Inspector General's office has repeatedly identified the problem in audit after audit.
The IG, Russell George says, "The magnitude of the problem has grown exponentially," but the IRS is doing nothing to stop it. "It's so easy it's ridiculous," the tax preparer whistleblower who exposed the fraud admits.
Names are simply listed on the IRS form. "The more you put on there, the more you get back." No questions asked
the check's in the mail. Video on youtube of this shocking report. (Excerpt) Read more at finance.townhall.com