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Old 10-05-2013, 09:04 AM
 
17,624 posts, read 17,690,196 times
Reputation: 25696

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DEHKO: Bullied by the IRS - Washington Times

Assault by civil forfeiture: Column
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Old 10-05-2013, 09:11 AM
 
11,086 posts, read 8,547,733 times
Reputation: 6392
He should stop working so hard and reduce his tax bill to zero.

Let .gov and their leeches ES and die.
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Old 10-05-2013, 09:12 AM
 
Location: Midwest
38,496 posts, read 25,825,871 times
Reputation: 10789
Not good indeed. This is the fallout from the 2001 "Patriot Act!"

Quote:
Federal law requires banks to report cash transactions in excess of $10,000 to the IRS. And it is illegal for a person to "structure" one's transactions — to break deposits up into lesser amounts — to avoid those reports. Structuring law, expanded by the Patriot Act in 2001, is now just one more way the government is collecting vast amounts of information about the private lives of everyday Americans. Officials claim that Terry and Sandy violated this law.
Assault by civil forfeiture: Column

Why doesn't the House GOP work on repealing this law?
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Old 10-05-2013, 11:12 AM
 
10,029 posts, read 10,896,464 times
Reputation: 5946
My uncle got hit with huge tax liens from the IRS from his business he had 10 years ago. Only recently did they go after him and claim he owes money he doesn't. He's also a member of the NRA and involved in the Republican Party, but that is just coincidence of course.
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Old 10-05-2013, 11:15 AM
 
Location: Long Island, NY
19,792 posts, read 13,954,445 times
Reputation: 5661
An opinion piece in the Washington Times without verification of facts. What could possibly be wrong?
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Old 10-05-2013, 12:24 PM
 
4,582 posts, read 3,410,316 times
Reputation: 2605
IIRC, the $10K reporting laws originated with Bush Senior around 1992.
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Old 10-05-2013, 01:24 PM
 
Location: New Jersey
11,346 posts, read 16,711,567 times
Reputation: 13392
Quote:
Originally Posted by armourereric View Post
IIRC, the $10K reporting laws originated with Bush Senior around 1992.
CTR reporting for transactions of over $10,000 started in 1986 under Reagan.
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Old 10-05-2013, 01:38 PM
 
2,040 posts, read 2,459,935 times
Reputation: 1067
Quote:
Originally Posted by MTAtech View Post
An opinion piece in the Washington Times without verification of facts. What could possibly be wrong?
I get SO tired of lazy liberals who attack the source when they can't mount a rebuttal to the actual story.

Nothing is believable unless they read it on the Democratic Underground or Daily Kos.

Try Google!:

http://www.freep.com/article/2013092...uit-forfeiture

Posted with TapaTalk
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Old 10-05-2013, 01:41 PM
 
Location: New Mexico
8,396 posts, read 9,445,226 times
Reputation: 4070
Quote:
Originally Posted by jojajn View Post
Not good indeed. This is the fallout from the 2001 "Patriot Act!"


Assault by civil forfeiture: Column

Why doesn't the House GOP work on repealing this law?
Probably because that law was passed by a GOP congress and signed by a GOP president. They have no objection to that.
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Old 10-05-2013, 01:49 PM
 
8,420 posts, read 7,419,986 times
Reputation: 8768
I usually discard any links from the Washington Times, but this time the story looks legit....

Fraser grocer challenges federal forfeiture law

Can government really seize $35,000 with little warning? Grocery owner sues IRS | Detroit Free Press | freep.com

Yes, the feds did seize Tarik Dehko's bank account funds for skirting rules about requiring that bank deposits over $10,000 be reported. The rule is in place to fight money laundering.

But Mr. Dehko seems to have a legitimate point that he's making smaller deposits to keep from having a large amount of cash in his store and to keep under his insurance policy's $10,000 cash liability limit per robbery.

It sounds like the local feds have a beef with Mr. Dehko, but they can't make any charges stick so they'll screw with him some other way.
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