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IRS Seized $17 Million In Legally Earned Cash From Business Owners, Watchdog Reports

April 6th, 2017
Categories: News

Link: http://www.blacklistednews.com/IRS_Seized_%2417_Million_In_Legally_Earned_Cash_From_Business_Owners%2C_Watchdog_Reports/57770/0/38/38/Y/M.html

The Treasury Inspector General for Tax Administration (TIGTA) released a report on March 30 that details how IRS investigators seized hundreds of bank accounts from business owners based on nothing but a suspicious pattern of deposits. In more than 90 percent of those cases, the money was completely legal. The audit also found that investigators violated internal policies when conducting interviews, failed to notify individuals of their rights, and improperly bargained to resolve civil cases.

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