September 16, 2014
The Internal Revenue Service has discovered false claims for child tax credits for returns filed by U.S. citizens that live in Israel. It may involve tens of millions of dollars. The child tax credit can be $1,000 for each child who is not age 17 at the end of the year. The child must be either a U.S. citizen, national or resident of the U.S. The credit begins to phase out when the taxpayers (parents) modified adjusted gross income in 2013 reaches $110,000 for joint returns and $75,000 for single taxpayers.