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In reply to the discussion: IRS seizes woman's entire savings because she deposits less than $10,000 at a time [View all]Lee-Lee
(6,324 posts)37. She said she was doing it to evade the paperwork
That is all it takes to meet the elements of the crime as the statute is written.
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IRS seizes woman's entire savings because she deposits less than $10,000 at a time [View all]
kpete
Oct 2014
OP
What illegal activity? Did you miss the part where she is not being accused of tax fraud? nt
kelly1mm
Oct 2014
#110
This sounds like far more of an 'IRS scandal' than the supposed 'scandal'
Erich Bloodaxe BSN
Oct 2014
#8
Apparently at least $33K. That is what was in the account when it was seized.
stevenleser
Oct 2014
#152
That is part of it. The guidelines for banks say something along the lines that they have to know
stevenleser
Oct 2014
#155
Banks report account totals when Income Taxes are due. What is your point with this woman's
WinkyDink
Oct 2014
#144
Yeah...except you've got the law wrong. Bank records are obtained without warrant
msanthrope
Oct 2014
#103
Again, having heard a former Federal prosecutor talk about abuses of this law...
villager
Oct 2014
#106
Which former federal prosecutor? This has nothing to do with her cash flow...
msanthrope
Oct 2014
#108
She didn't do that. She operated a small business that produced cash deposits every day.
pnwmom
Oct 2014
#27
She didn't say she was doing it to avoid the IRS, and they have no proof that she did.
pnwmom
Oct 2014
#35
What paperwork? How did she even know the paperwork was an IRS issue, and not some
pnwmom
Oct 2014
#40
No, she did not say she did it "to avoid the reporting requirement." She said she was
pnwmom
Oct 2014
#65
No, she didn't say that. The paperwork wasn't necessarily IRS paperwork. You're assuming
pnwmom
Oct 2014
#66
She didn't know it was IRS-related paperwork. Not every bit of paperwork a bank does
pnwmom
Oct 2014
#73
And so now her savings are confiscated and the bank owns her house twice over
Scootaloo
Oct 2014
#101
When you deposit over 10k, you are required to fill out the reporting info to the IRS.
msanthrope
Oct 2014
#49
Yes, YOU know that and you are right. But there is no evidence SHE understood what paperwork
pnwmom
Oct 2014
#56
No, it wasn't. Banks have LOTS of paperwork having nothing to do with reporting requirements.
pnwmom
Oct 2014
#94
The IRS has acknowledged they shouldn't have been doing this and so they're stopping the practice.
pnwmom
Oct 2014
#100
Really? Because I recently deposited a bit more than that (life insurance $$), and no bank official
WinkyDink
Oct 2014
#145
Good for them. Then why, in the OP's story, was such bank reporting not sufficient?
WinkyDink
Oct 2014
#188
Because the depositor was deliberately avoiding the reporting by structuring
msanthrope
Oct 2014
#190
And as soon as it can be discerned that her deposits are not part of an actual crime
Nuclear Unicorn
Oct 2014
#130
yes it's illegal, but it's not about enforcing a progressive tax system. It's about the drug war.
fishwax
Oct 2014
#136
Interesting. Arnolds Park Iowa where all my Hinders cousins live. Do not know her but she could
jwirr
Oct 2014
#52
She's running an all cash biz and making sub 10k deposits to avoid "paperwork"
taught_me_patience
Oct 2014
#68
"Whether or not she did it in this situation I can not say, since the article does not say."
Nuclear Unicorn
Oct 2014
#171
No, I'm actually paying attention to what all these people are asking to do next
jeff47
Oct 2014
#172
So your solution is to keep abusing innocent middle class people as sacrificial lambs
Nuclear Unicorn
Oct 2014
#173
Actually I believe if you deposit in two accounts you still have to fill out the form
Marrah_G
Oct 2014
#184
Big banks get to do whatever they hell they want to do. A small business owner gets her money
liberal_at_heart
Oct 2014
#92
If only the IRS would go after criminal billionaires the way it goes after small business owners.
Rex
Oct 2014
#95
Civil asset forfeiture laws should, at a minimum, only apply to people actually convicted of a crime
Calista241
Oct 2014
#105
R, D, I and Teabaggers have more in common than many realize when it comes to this shit! n/t
RKP5637
Oct 2014
#120
Suspicions arise for more than money laundering. Maybe she was trying to avoid paying taxes.
randome
Oct 2014
#127
Suspicion is not probable cause. Is she living way beyond her apparent means?
yellowcanine
Oct 2014
#129
Then why include a bank at all? It isn't like she'd miss out on any meaningful interest.
WinkyDink
Oct 2014
#146
IDGI! People pay Fed. Income Taxes ONCE A YEAR, not with every bank deposit! So HOW can it be
WinkyDink
Oct 2014
#148
No, but the violation was designed to make the IRS look abusive, a right-wing strategy.
Scuba
Oct 2014
#178
Please explain how seizing this woman's assets "was designed to keep corporations ....
Scuba
Oct 2014
#186
This is nothing less than strong-arm robbery by the government. This law is an ass.
Comrade Grumpy
Oct 2014
#163