Google has declared war on the independent media and has begun blocking emails from NaturalNews from getting to our readers. We recommend GoodGopher.com as a free, uncensored email receiving service, or ProtonMail.com as a free, encrypted email send and receive service.
06/07/2016 / By Mary Wilder
The IRS has unjustly seized $43 million from over 600 people under the guise of violating structuring laws, despite the fact that no legitimate crimes were committed.
According to federal law, whenever someone conducts a cash transaction that exceeds $10,000, the bank is required to file a currency transaction report with the Treasury Department. It is considered illegal to split up and deposit cash sums below $10,000 in an attempt to avoid currency transaction reports.
Attorney Robert Johnson explains, “So-called ‘structuring’ laws criminalize everyday financial transactions that most Americans would never think could be a crime … A person who has violated this latter prohibition is said to have impermissibly ‘structured’ cash transactions.”
Once again, it seems as though the federal government has stooped to low levels in an attempt to steal money from innocent citizens.
IRS Commissioner John Koskinen said, “About a year and a half ago, we changed our policy in this area and make it clear that even though structuring still remains on the books, if you have structured your deposits in a way that avoids the reporting requirements, but it’s not with illegal source funding, as of a year ago there are no more seizures by the IRS and I think that’s important to know that we’ve reached out to do that.”
I guess we’ll see about that.
COPYRIGHT © 2017 NEWSTARGET.COM
All content posted on this site is protected under Free Speech. NewsTarget.com is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. NewsTarget.com assumes no responsibility for the use or misuse of this material. All trademarks, registered trademarks and service marks mentioned on this site are the property of their respective owners.
Receive Our Free Email Newsletter
Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.
Once you click subscribe, we will send you an email asking you to confirm your free subscription.