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IPFS News Link • Internal Revenue Service

IRS Seized $17 Million in Legally Earned Cash From Business Owners, Watchdog Reports

• http://www.shtfplan.com, by Lily Dane

In just two years – from 2012 to 2014 – the IRS stole more than $17 million from innocent business owners, deliberately targeting their earnings for an easy steal. Using obscure anti-money laundering rules and civil asset forfeiture, the agency compromised the rights of individuals and their businesses, a government watchdog has discovered.

The Treasury Inspector General for Tax Administration (TIGTA) released a report on March 30 that details how IRS investigators seized hundreds of bank accounts from business owners based on nothing but a suspicious pattern of deposits.

In more than 90 percent of those cases, the money was completely legal. The audit also found that investigators violated internal policies when conducting interviews, failed to notify individuals of their rights, and improperly bargained to resolve civil cases.


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