TriggerFinger


91% of IRS cash seizures were from innocent people


Washington Post quoted by TaxProfThe IRS pursued hundreds of cases from 2012 to 2015 on suspicion of structuring, but with no indications of connections to any criminal activity. Simply depositing cash in sums of less than $10,000 was all that it took to arouse agents' suspicions, leading to the eventual seizure and forfeiture of millions of dollars in cash from people not otherwise suspected of criminal activity.

The IG took a random sample of 278 IRS forfeiture actions in cases where structuring was the primary basis for seizure. The report found that in 91 percent of those cases, the individuals and business had obtained their money legally.

So, the uncomfortable question.

When are they going to get the money back?

This entry was published Sat Apr 08 11:25:27 CDT 2017 by TriggerFinger and last updated 2017-04-08 11:25:27.0. [Tweet]

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