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    Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required
    #1
    Founding Member / Super Moderator Ratickle's Avatar
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    I had no idea. Seems completely wrong to me...

    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 Ms. 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?” Ms. 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 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 they are innocent. Many give up and settle the case for a portion of their money.


    Full Article - http://www.msn.com/en-us/news/us/law...red/ar-BBbbfW3
    Getting bad advice is unfortunate, taking bad advice is a Serious matter!!
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    #2
    Actually the IRS is the only time you are assumed guilty and must prove your innocent
    Run until it sounds expensive
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    #3
    Founding Member / Super Moderator Ratickle's Avatar
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    I have been there once. The worst thing was they couldn't ever get everyone to decide on what the law really was.
    Getting bad advice is unfortunate, taking bad advice is a Serious matter!!
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    #4
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    Flat Tax= no IRS. Send your payment direct to Department of Treasury.
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    #5
    Founding Member / Super Moderator Ratickle's Avatar
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    It should be a graduated flat tax and go!!
    Getting bad advice is unfortunate, taking bad advice is a Serious matter!!
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