Story display


ID:

739

Date:

2015-02-10

Headline:

IRS Seizes First, Asks Questions Later

Reporter's name:

Larry Salzman and Robert Everett Johnson

Delay/denial:

No

Lawsuit:

No

Fees:

No

Media outlet:

Politico (Magazine)

City:

Washington, DC

Summary:

Banking laws give the Internal Revenue Service (IRS) the authority to seize bank accounts with a pattern of deposits under $10,000 even though many people, such as small-business owners, make consistent smaller deposits because they run small businesses. At least one-third of the cases in which the IRS seized assets from 2005 to 2012 involved no other allegations of impropriety, according to documents released under FOIA.

Notes:

The Institute for Justice used FOIA to obtain documents from the Treasury Department.

Keywords:

civil forfeiture, Internal Revenue Service, IRS, Treasury Department, structuring, law enforcement, Treasury Forfeiture Fund, Department of Justice, DOJ, Institute for Justice, Rand Paul, Tim Walberg,

URL:

http://www.politico.com/magazine/story/2015/02/irs-civil-forfeiture-115089.html#.VOYfuS73iSA


Agencies:

DOJ
IRS

States:

DC
IA
KY
MD
MI
NY

Categories:

business
justice
law enforcement


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