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IRS seizes hundreds of perfectly legal bank accounts, refuses to give money backhttp://rt.com/usa/199883-irs-structuring-civil-asset-forfeiture/
Date Written: 27/10/2014
Year Published: 2014
Resource Type: Article
The Internal Revenue Service has been seizing bank accounts belonging to small businesses and individuals who regularly made deposits of less than $10,000, but broke no laws. And the government is refusing to return all the money taken. The practice - called civil asset forfeiture - allows IRS agents to seize property they suspect of being tied to a crime, even if no charges are filed, and their agency is allowed to keep a share of whatever is forfeited.
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