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IRS seizes woman's entire savings because...

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We need to vote ALL of them out of office!
We need people in there that will change these stupid policy decisions and put a
stop to the professional politicians living large off our money!
IRS seizes woman's entire savings because she deposits less than $10,000 at a time
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An Iowa woman named Carole Hinders saw her bank balance go from $33,000 to zero thanks to IRS confiscation. Hinders, who owns a small, cash-only Mexican restaurant, has not been charged with any crime and is not suspected of tax fraud. The IRS says they took her money solely because she deposited too little of it at a time, and the agency claims she did so to avoid the required reporting of any bank transaction over $10,000. She says she just thought it was helpful to save the bank paperwork.

Though the $10,000 rule is ostensibly designed to help catch terrorists and drug dealers, it is far more often used on regular citizens who are unlikely to ever see their money returned. "I don't think [the IRS is] really interested in anything," said a lawyer representing another seizure case. "They just want the money."

To keep her restaurant afloat following the confiscation of her savings, Hinders has had to take out a second mortgage and max out her credit cards. "How can this happen?" she asks. "Who takes your money before they prove that you've done anything wrong with it?"

- - Bonnie Kristian
http://theweek.com/article/index/270692/speedreads-irs-seizes-womans-entire-savings-because-she-deposits-less-than-10000-at-a-time
Entry #168

Comments

1.
sully16Comment by sully16 - October 27, 2014, 2:57 pm
Who gave the order!
2.
MADDOG10Comment by MADDOG10 - October 27, 2014, 4:52 pm
I would definitely be finding something out about this. Contact a good IRS lawyer...
3.
JAP69Comment by JAP69 - October 27, 2014, 8:32 pm
If you deal in a cash receipts I would be in contact with the IRS and get written approval to make cash deposits in any bank. If they will give you written approval.
I understand this practice of confiscation has been suspended unless they have proof of illegal activity.
This new seizure change does not affect previous confiscation.
They are screwed.
4.
jarasanComment by jarasan - October 27, 2014, 11:09 pm
I am glad people are taking notice thank you for this focus on the fascist tactics of the irs.

http://blogs.lotterypost.com/jarasan/2014/10/irs-can-seize-bank-accounts.htm

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