The IRS seizes bank accounts “on suspicion” & many give up: too compliacted to prove your innocence! $33,000 confiscated from mom&pop

from 2014:

“Who takes your money before they prove that you’ve done anything wrong with it?”

The federal government does.

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she deposited the earnings at a small bank branch a block away — until last year, when two tax agents knocked on her door and informed her that they had seized her checking account, almost $33,000.

The Internal Revenue Service agents did not accuse Ms. Hinders of money laundering or cheating on her taxes — in fact, she has not been charged with any crime. Instead, the money was seized solely because she had deposited less than $10,000 at a time, which they viewed as an attempt to avoid triggering a required government report.




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