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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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The IRS took millions from innocent people because of how they managed their bank accounts, inspecto

duck2000
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The IRS took millions from innocent people because of how they managed their bank accounts, inspecto Empty The IRS took millions from innocent people because of how they managed their bank accounts, inspecto

Post by duck2000 Thu 06 Apr 2017, 5:34 pm

The Internal Revenue Service has seized millions of dollars in cash from individuals and businesses that obtained the money legally, according to a new Treasury Department inspector general's report .
The report covers IRS cash seizures against businesses and individuals suspected of deliberately trying to avoid federal reporting requirements for large bank deposits.
To combat criminal activity, individuals and businesses are required to report all bank deposits greater than $10,000 to federal authorities. Intentionally splitting up large sums of cash into sub-$10,000 amounts to avoid that reporting requirement is known as “structuring” and is illegal under the federal Bank Secrecy Act .
But many business owners engaged in perfectly legal activities may be unaware of the law. Others are covered by insurance policies that don't cover cash losses greater than $10,000 . Still others simply want to avoid extra paperwork, and keep their deposits less than $10,000  on the advice of bank employees or colleagues.
While structuring is technically a crime, it's something of a secondary one. The reporting requirements were enacted to detect serious criminal activity, such as drug dealing and terrorism. They “were not put in place just so that the Government could enforce the reporting requirements,” as the IG's report puts it.
But according to the report, that's exactly what happened at the IRS in recent years. The IRS pursued hundreds of cases from 2012 to 2015 on suspicion of structuring, but with no indications of connections to any criminal activity. Simply depositing cash in sums of less than $10,000 was all that it took to arouse agents' suspicions, leading to the eventual seizure and forfeiture of millions of dollars in cash from people not otherwise suspected of criminal activity.
https://www.washingtonpost.com/news/wonk/wp/2017/04/05/the-irs-took-millions-from-innocent-people-because-of-how-they-managed-their-bank-accounts-inspector-general-finds/?utm_term=.926f0b6ba02a
Neno
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The IRS took millions from innocent people because of how they managed their bank accounts, inspecto Empty Re: The IRS took millions from innocent people because of how they managed their bank accounts, inspecto

Post by Neno Thu 06 Apr 2017, 5:49 pm

Not good!
Lobo
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The IRS took millions from innocent people because of how they managed their bank accounts, inspecto Empty Re: The IRS took millions from innocent people because of how they managed their bank accounts, inspecto

Post by Lobo Thu 06 Apr 2017, 6:35 pm

This is global, in Italy if you are stopped by a cop and the cop thinks your jewelry looks "heavy" the jewelry will be weighed and if it weighs over a certain weight, it will be confiscated.
zimi31
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The IRS took millions from innocent people because of how they managed their bank accounts, inspecto Empty Re: The IRS took millions from innocent people because of how they managed their bank accounts, inspecto

Post by zimi31 Thu 06 Apr 2017, 7:59 pm

The IRS is the same government agency that targeted Tea Party patriots, and also are handling the ACA (also know as Obama Care). Hope President Trump takes a good look at them and finds a way to diminish their powers.  I'm tired of having to watch how I withdraw or deposit MY money just not to have to deal with the headaches...    Eye Poke
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The IRS took millions from innocent people because of how they managed their bank accounts, inspecto Empty Re: The IRS took millions from innocent people because of how they managed their bank accounts, inspecto

Post by Lobo Thu 06 Apr 2017, 8:18 pm

I hope so too, Zimi.
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The IRS took millions from innocent people because of how they managed their bank accounts, inspecto Empty Re: The IRS took millions from innocent people because of how they managed their bank accounts, inspecto

Post by zimi31 Thu 06 Apr 2017, 8:26 pm

@Lobo wrote:I hope so too, Zimi.



We need to have our country back...we really haven't had it for a long time...I pray the next generation will realize what they haven't/will have.

Our country was a unique experiment in the world...hard to imagine it could survive in the direction it has been headed for so many years...but I'm hopeful.
duck2000
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The IRS took millions from innocent people because of how they managed their bank accounts, inspecto Empty Re: The IRS took millions from innocent people because of how they managed their bank accounts, inspecto

Post by duck2000 Fri 07 Apr 2017, 3:23 am

@zimi31 wrote:
@Lobo wrote:I hope so too, Zimi.



We need to have our country back...we really haven't had it for a long time...I pray the next generation will realize what they haven't/will have.

Our country was a unique experiment in the world...hard to imagine it could survive in the direction it has been headed for so many years...but I'm hopeful.
this has been ordered to stop by POTUS
sassy
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The IRS took millions from innocent people because of how they managed their bank accounts, inspecto Empty Re: The IRS took millions from innocent people because of how they managed their bank accounts, inspecto

Post by sassy Fri 07 Apr 2017, 4:52 am

@duck2000 wrote:
@zimi31 wrote:
@Lobo wrote:I hope so too, Zimi.



We need to have our country back...we really haven't had it for a long time...I pray the next generation will realize what they haven't/will have.

Our country was a unique experiment in the world...hard to imagine it could survive in the direction it has been headed for so many years...but I'm hopeful.
this has been ordered to stop by POTUS
Thats good to hear!  thumbs
zimi31
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The IRS took millions from innocent people because of how they managed their bank accounts, inspecto Empty Re: The IRS took millions from innocent people because of how they managed their bank accounts, inspecto

Post by zimi31 Fri 07 Apr 2017, 6:31 am

@duck2000 wrote:
@zimi31 wrote:
@Lobo wrote:I hope so too, Zimi.



We need to have our country back...we really haven't had it for a long time...I pray the next generation will realize what they haven't/will have.

Our country was a unique experiment in the world...hard to imagine it could survive in the direction it has been headed for so many years...but I'm hopeful.
this has been ordered to stop by POTUS

Great news duck...I hadn't heard that specifically , but I know he's been very busy trying to right the 'ship'!!!
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The IRS took millions from innocent people because of how they managed their bank accounts, inspecto Empty Re: The IRS took millions from innocent people because of how they managed their bank accounts, inspecto

Post by Lobo Fri 07 Apr 2017, 10:23 am

Thanks duck for always keeping us informed.

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