The Democratic President and the Senate Finance Committee are busy topRepublican theObama Administration for information about the tax paid topeople not to work in the U.S. to qualify
In a letter to Treasury Secretary Timothy Geithner, and F. Douglas Shulman Commissioner Internal Revenue Service datedtoday, Democrat Max Baucus of Montana and Republican Orrin Hatch of Utah, cites the report of the Inspector General of September, the IRS 1showing $ 4.2 billion in additional loans people with childtax a tax ID number instead of Social Security numbers.
The letter asks? Finance and the tax for one? Legal analysis of the ability of agencies to tax credits for people with these labels refuse. If they lack such authority, the Congress of his being and income for the fiscal deficit thefederal.
Various aspects of the report "serious concern that further enhance information and the requirement for the immediate attention of the Ministry of Treasuryand IRS," the letter said.
In addition to Hatch, the letter with 10 other Republicans thecommittee signed by the committee.
The additional child tax credit was established in 1997, after Congress prohibited without AYear get Social Security numbers of taxpayers to other tax credits.
The law that the tax haven t child language are explicitly limited to the recipients of Social Security numbers of taxpayers. The IRS has said he doesn 't theauthority to credit for people that the number can be used to deny taxpayeridentification file.
Spokesman for the IRS and the Treasury Department "timmediately to requests for comment to respond today.
In a statement to the inspector general's report wasreleased IRS spokeswoman Michelle Eldridge said Iscle law "to qualify for these loans are not onwork approval status or type of tax identification number is used depends."
"If the law were changed, according to the IRS itsprograms," said Eldridge.
The child credit is refundable, which means that the liability of the taxpayer theportion credit exceeds taxes will be paid Toth.
Taxpayer Identification Numbers are good by the IRS employees who have a work permit for the number of anti-social can be lit with tax laws. Moneyearned even illegal in the United States is taxable.
Please contact the reporters on this story: Richard Rubin in Washington on azajac@bloomberg.net rrubin12@bloomberg.net, Andrew Zajac in Washington
Mark Silva msilva34@bloomberg.net: To contact the editor for this story
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