IRS seizes hundreds of perfectly legal bank accounts, refuses to give money back Posted on October 28, 2014 The Internal Revenue Service (IRS) building is viewed in Washington, DC (AFP Photo/Jim Watson)
Pressured by Congress, the IRS said Wednesday it is changing its policies and apologizing for seizing banks accounts from otherwise law-abiding business owners simply because they structured bank transactions to avoid federal reporting requirements. Their alleged crime: routinely making bank deposits of less than $10,000. That allowed the business owners to avoid reporting requirements designed to catch drug dealers and money launderers.
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Peter Schweizer: Media Went from ‘Defending the Clinton Foundation’ to ‘Pretending It Wasn’t There’ to ‘Saying Shut It Down’. - Crimes were already committed and the MSM did nothing when it was occurring to bring it to light.