IRS Unleashed: Feds Show Up at Dairy Farm and Wrongfully Seize $62K from Farmer | Washington Free Beacon:
"The scandal drew bipartisan anger from Congress. The law states that if the IRS has reasonable doubt that cash fund being deposited into bank accounts over or near $10,000, the agency is within its rights to investigate.
Banks must report all cash deposits over $10,000. Many Congressmen, however, said the IRS blatantly violated the trust of the American people and failed to use common sense and decency.
House Ways and Means oversight subcommittee chairman Peter Roskam called the incidents an “abuse by the federal government against citizens.”
No comments:
Post a Comment