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Thread: IRS Threatens Prison For Depositing Cash In "Wrong" Amounts

  1. #1
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    IRS Threatens Prison For Depositing Cash In "Wrong" Amounts



    This bakery was operating business just like normal, depositing money in the bank. It just so happened, purely by coincidence, that their monthly routine deposits into their bank account happened to average just under $10,000.

    The two brothers who owned the bakery did not realize there is a law against that.

    As a result, $68,000 in their bank accounts was seized by the Internal Revenue Service.

    When they filed a claim to get it back, a prosecutor threatened them with serious criminal charges and an even bigger fine. It seems this law is just being used as an excuse for asset forfeiture, with the language of the law allowing prosecutors to seek retribution against business owners who object to their money being stolen.


    These brothers say they had no idea the law existed. They were just putting money into their bank account like normal. It was just a coincidence that their periodic repeat deposits happened to be around the amount they were.

    The law was originally passed with the intention of trying to stop people from getting around the reporting requirement, since banks are required to report any deposit over $10,000 to the government.

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    Sue the ever lovin shit out of the IRS!!!

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    stupid law.

    if the bakery pays their taxes, what business is it of the irs or anyone else how much or how little they deposit in their bank account?
    Μολών λαβέ

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    Quote Originally Posted by teeceetx View Post
    Sue the ever lovin shit out of the IRS!!!
    Abolish the IRS!

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    Yup been there, done that. I deposited $10,000 for a CD and had to file all kinds of crap. In reality I have no money all my so-called money says Federal Reserve Note. It's the government and the Federal Reserve's money they just let me use it temporarily. Hell lets not just disband the IRS lets disband the whole dang government. Replacing one government Gestapo agency with another government Gestapo agency solves nothing.
    Last edited by Quark; 04-24-2020 at 05:59 PM.

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    But if your business is selling legal Dope and you deposit $9,999.99 your OK!

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    The law was originally passed with the intention of trying to stop people from getting around the reporting requirement, since banks are required to report any deposit over $10,000 to the government.

    I wonder if credit unions have to follow that rule. Four or five months ago I deposited more than $10,000 into our account.

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    Quote Originally Posted by teeceetx View Post
    Sue the ever lovin shit out of the IRS!!!
    You're just expressing ignorance.

    The disturbing thing: everything the IRS and that prosecutor did is perfectly legal.

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    In May 2016, David and Larry teamed up with the Institute for Justice to demand that the government return all of the $68,382.22 seized from the bakery and end its profit-motivated fishing expedition into the bakery’s finances, as well as the government’s abuse of prosecutorial authority to pressure property owners to agree to forfeiture.

    Law enforcement should not be using the threat of jail time to fund its budgets.

    Hours after IJ filed its motion demanding the return of the bakery’s money, the IRS capitulated and agreed to return the money in full.

    The IRS initially stated that it was going forward with its retaliatory grand jury investigation, but just weeks later the IRS announced that it was withdrawing its subpoena as well.




    https://ij.org/case/connecticut-forfeiture/

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    Legal and illegal do not correlate with good and bad.

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