On December 10, House Ways and Means Committee Chairman Dave Camp, R-Mich., and Ranking Member Sander Levin, D-Mich., introduced the Taxpayer Protections Against Abusive Seizures Act.
The act is a simple two-page bill. When the IRS seizes property under an alleged structuring scheme, the agency must return the property if the accused requests a hearing in court within 14 days of seizure. In order to maintain the laws legitimate power against terrorists and money launderers, property is not returned to the accused if the court finds probable cause within 14 days. Of course, that is still enough time for many businesses to go under, but currently there is no protection at all.
This entry was published Fri Dec 19 11:29:25 CST 2014 by TriggerFinger and last updated 2014-12-18 19:28:42.0. [Tweet]
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