Posted on 10/25/2014 3:35:38 PM PDT by Libloather
ARNOLDS PARK, Iowa For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest cash-only restaurant. For just as long, 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 funds, 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.
How can this happen? Ms. Hinders said in a recent interview. Who takes your money before they prove that youve done anything wrong with it?
The federal government does.
(Excerpt) Read more at msn.com ...
The war on real Americans.
Stuff like this shows us, this country is long gone. Now it’s time for the crackdowns and cleanups.
Time for another Revolution War II. Just how much longer will we tolerate 5his crap?
Let 'em live & give 'em time, they'll surpass the Reich
They got it.
PROBLEM IS THAT IT'S BEEN TRANSFORMED INTO NAZI GERMANY OF THE EARLY 1940s -- COMPLETE WITH THE GESTAPO!
You idiots be sure to get out there on 11/4 and vote for his congressional enablers!!
Roger that.
Tax procedures are specially troublesome. There was a wave of reforms a decade or so back that did “some” good. The vigilance cannot be relaxed, as new regulations come into view. And no, Bob won’t always do it for us.
Outright thievery. These gov’t thieves are out of a job unless they “perform” and this means grabbing your money this outrageous way
Dump entire income tax code.
Flat tax or fair or whatever
Disband irs
Which candidate for president will run on this
Another big party of the problem is that the I.R.S. and govt, use and force banks and financial institutions into this Nazi reporting. Report, report, report — even bank suspicions.
This is NOT in anyway a bank’s job, but they willing do it.
War on drugs. Nothing new here. Enjoy the taste of shoe polish boot licking cop lovers. Police are NOT your friend. They are the foot soldiers in the government’s legal monopoly on violence.
For what it’s worth, local police had zip to do with this outrage.
The IRS wouldn’t have acted unless the bank filed SAR reports on her.
Unfortunately for her, structuring is worse than money laundering. Everything she has is either going to end up with the feds or a lawyer. And it does sound like she is guilty - and stupid enough to admit it: “My mom had told me if you keep your deposits under $10,000, the bank avoids paperwork,. She can probably stay out of prison if her record is otherwise clean.
They have to do it - unfortunately the IRS and federal prosecutors can run amok and seize money that’s technically “illegal” even though the intent isn’t to fund organized crime or other criminal activity.
Civil forfeiture is increasingly directed at people who are not criminals but who simply run afoul of federal reporting rules.
Don’t keep your money in a bank.
And sometimes there are things as mentioned in the article: insurance policies covering cash losses that will cover only up to 10 grand. Well, what does a policy holder do... yes, make all deposits while cash holdings are still under 10 grand! That isn’t what the “anti structuring” legislators had in mind, but the folks with hearts of paper don’t care.
Blame Obama all you want-- goodness knows, there's plenty to blame him for-- but the law allowing the IRS to seize cash on "suspicion" of "money-laundering" was proposed by, and enacted during the administration of, Ronald Reagan, as part of the "war on drugs."
If you meant you one of the snobs who doesn’t commit three felonies a day without knowing it like most Americans do, then I congratulate you on your innocence.
The truth is we all break some laws every day everywhere. No person can possibly be conversant with all the laws on the books.
No one could get anything done if they did. Compliance is effectively impossible, given the way the system is structured.
If people everywhere would use “jury nullification” in IRS cases we might get somewhere.
The Sheriff of Nottingham.
So if a business deposits small amounts of cash into a business account because cash comprises a relatively small percentage of revenues, that’s suspicious? Maybe she should have just stuffed in her mattress, bought some jewelry or whatever.
The idea is to make cash illegal.
Next time, she should tell the agents that some of the cash came from a guy from Liberia.
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