IRS seize accounts on suspicion

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IRS seize accounts on suspicion Empty IRS seize accounts on suspicion

Post by Insane Clown on Mon Oct 27, 2014 12:28 pm

[size=39]IRS seize accounts on suspicion Dt_com10[/size]
[size=39]Law lets IRS seize accounts on suspicion[/size]

By Shaila Dewan / New York Times News Service
Published Oct 26, 2014 at 12:02AM

ARNOLDS PARK, Iowa — For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest, cash-only restaurant. For just as long, she deposited the earnings at a small bank branch a block away — until last year, when two tax agents knocked on her door and informed her that they had seized her funds, almost $33,000.

The Internal Revenue Service agents did not accuse Hinders of money laundering or cheating on her taxes. In fact, she has not been charged with any crime. Instead, the money was seized solely because she had deposited less than $10,000 at a time, which they viewed as an attempt to avoid triggering a required government report.

“How can this happen?” Hinders said in a recent interview. “Who takes your money before they prove that you’ve done anything wrong with it?”

The federal government does.

Using a law designed to help catch drug traffickers, racketeers and terrorists by tracking their cash, the government has gone after run-of-the-mill business owners and wage earners without so much as an allegation that they have committed serious crimes. The government can take the money without ever filing a criminal complaint, and the owners are left to prove that they are innocent. Many simply give up and settle the case for a portion of their money.

“They’re going after people who are really not criminals,” said David Smith, a former federal prosecutor who is now a forfeiture expert and lawyer in Virginia. “They’re middle-class citizens who have never had any trouble with the law.”
Insane Clown
Insane Clown

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Join date : 2014-10-27
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