What happens to the tax money that is collected by companies.......?

Question

who hire people with false ID's?

Tcasey..........LMAO.......so funny.......LMAO

Tcasey..........LMAO.......so funny.......LMAO

Answer 1

The IRS will recieve the information for that persons Social Security number that is reported by the employer. Since in some places employers do not automatically deduct taxes, but do report what they have paid to the IRS a person's taxes might not be what they expected since someone else is using their identity. In that case the person will find out their Identity was stolen. For some people who don't find out, they recieve strange tax refunds or even can be audited for taxes unpaid for the reported wages. It happens so often that Social Security is cracking down on it.

It is a different issue in the case of illegals who use FAKE social security numbers, emplyoyer can get caught this way but there are millions of dollars paid to social security each year with these fake numbers where the money just gets put back into social security.

Here are two websites that might interest you if you want to know more detailed facts:
http://www.ssa.gov/
or this article has information about just this topic. Read it to the end it makes good points.
http://www.chronwatch.com/content/contentDisplay.asp?aid=20889 QUOTE FROM THIS ARTICLE: " tax money sitting in the "Earnings Suspense File” of the IRS and Social Security Administration because they do not know to whom the money should be credited because it was paid under invalid, or misnamed, Social Security numbers."


Hope you recieved the information you were looking for.

Answer 2

Come on, you know better than that....

According to a study done this past year in Florida, only about half of illegals pay taxes and most claim maximum deductions so pay very little. Others use a special ID number that allows them to collect refunds. Of what is paid for those who don't use that number, the government keeps it, but on average it is less than actually owed. Plus, the services they take out as a group far outweighs the taxes paid, and are from services the taxes don't typically address to begin with, such as schools and hospitals whose costs are felt locally, and acutely.

Answer 3

The IRS actually has a procedure for this.

The employee with the fake number will presumably receive a W-2 form like any other employee, but it will have the incorrect SSN number. The taxpayer (legal or not) is given an ID number by the IRS that they will use only to file the tax return. They send in a 1040 tax return, attach the W-2's, and the IRS makes sure that their account is corrected and that their tax is shown as paid. (Even though their immigration status does not allow them to be here, they are still required to pay US taxes).

So, the tax money goes to the IRS, an illegal alien pays his taxes, and it all comes out, at least for tax purposes.

Answer 4

It shows up on the records of the person whose ID they stole. If the companies are collecting tax monies off of the illegals pay, then they will be in even bigger trouble than ever if they aren't also remitting those monies to the IRS.

Answer 5

depending upon your numbers that is a fact that you'll owe some thing. and considering that is all reported to the IRS, the possibilities of having stuck in case you do not record are one hundred%. in the experience that they make certain to save on with up on the roles that you probably did not have any taxes withheld from and word the fraudulent EXEMPT declare, tack on a $500 fraud penalty for each fraudulent EXEMPT declare. Your information superhighway tax criminal duty is probalby round $930 in case you may't be claimed as a depending. possibly a lot less in case you at the on the spot are not a depending and qualify for any of the education credit. extra in case you may be claimed as a depending. you haven't presented sufficient information to guage both of those concerns. in case you record and pay in finished with the help of the April fifteenth cut-off date you possibly received't might want to be stricken about the fraud consequences. in case you may't pay in finished, the IRS would hit you with them in the experience that they ask to work out copies of your W-4s out of your employers.

Answer 6

Depends on whether the company knows if its a false ID. If they don't, they probably submit it to the IRS (who may not be able to match it up with a tax id). If the company knows its false, who knows, maybe they keep it.

Answer 7

The government keeps a record of all this in something called the "earnings suspense file."

Answer 8

Oh come on. We (the U.S.A) have a 4 trillion dollar debt. That money was spent well before it was collected.

Answer 9

good Q... what about the tax money collected from a loner that dies, someone who doesnt make it to SS benefit age, and on and on... not an answer but I wonder too.

Answer 10

It goes towards your tax refund