IRS Seizing the Bank Accounts of Innocent Americans
October 27, 2014 2:33pm PST
The Internal Revenue Service has been seizing the bank accounts of innocent Americans whom they “suspect” may be involved in criminal activity. They have been doing so without any viable proof, to citizens who have never had charges filed against them. These innocent individuals are then left in an impossible bind: allow the IRS to negotiate a return of only part of the seized assets, or shell out big bucks in costly legal fees to fight the matter in court.
The Institute for Justice reports that seizures have jumped from 114 in 2005, up to 639 in 2012, with criminal charges pursued in only about 20% of cases.
The Civil Asset Forfeiture law of 2000 requires banks to report to the IRS deposits made by individuals which are in excess of $10,000. However, banks are also to report any other lesser deposits which they deem “suspicious.” Last year, an estimated 700,000 reports were made by banks to the IRS of these so-called “suspicious” deposits. The law was originally intended to be used against gangsters, drug dealers and terrorists. Now it is being manipulated by the IRS to target conservatives – a favorite hobby of the feds.
Richard Weber, the chief of Criminal Investigation at the IRS, released this statement after the Times broke the story:
“After a thorough review of our structuring cases over the last year… IRS-CI will no longer pursue the seizure and forfeiture of funds associated solely with ‘legal source’ structuring cases unless there are exceptional circumstances justifying the seizure and forfeiture and the case has been approved at the director of field operations (D.F.O.) level.”
Feel better now?
This is another argument for abolishing the IRS. It has clearly gotten out of hand, and on Obama’s watch, been turned into a tool for illegally targeting conservatives. The Conservative Tribune points out that civil asset forfeiture laws have been abused by local and federal law enforcement agencies for years and are now being abused by regulatory agencies as well. The seizing of assets should only take place once a guilty verdict has been handed down against an individual or business. Furthermore, the IRS authorities responsible for this scandal need to be dealt with accordingly.
This is not the America our founding fathers worked hard to create.
Excuse me while I go check my bank account…
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