The IRS admits Navy Veteran Andrew Clyde did nothing wrong, but this is what tyranny looks like in Obama’s redistribution of wealth. When Obama wants your money, he takes it via the arm of the IRS.
It should be noted that if a business makes deposits of $10,000 or more, the IRS can seize money on the assumption that an individual is attempting to launder money, thus using the “suspicion of criminal activity” excuse—even if no criminal activity exists.
These deposits mandate that the bank collect a massive amount of personal information before processing a deposit of 10k or more.
Many people keep deposits under $10,000 to avoid filling out the intrusive government forms.
Thus, the IRS goes after this activity as well—when the money deposits are consistently below $10,000—the IRS claims “structuring” to avoid the $10k or over rule.
Basically depositors are damned if they do and damned if they don’t.
The IRS will seize money on either side of the amount limit and use whichever rule on the book applies to their agenda.
These deposits mandate that the bank collect a massive amount of personal information before processing a deposit of 10k or more.
Many people keep deposits under $10,000 to avoid filling out the intrusive government forms.
Thus, the IRS goes after this activity as well—when the money deposits are consistently below $10,000—the IRS claims “structuring” to avoid the $10k or over rule.
Basically depositors are damned if they do and damned if they don’t.
The IRS will seize money on either side of the amount limit and use whichever rule on the book applies to their agenda.
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