IRS Begins Seizing Bank Accounts That Show Large Deposits Under $10,000

IRS Begins Seizing Bank Accounts That Show Large Deposits Under $10,000

As reported in the NY Times, the IRS is now taking it upon themselves to determine bank accounts as “suspicious” if someone makes a deposit of just under $10,000. Since the IRS regularly tracks accounts (with the help of banks, who report any activity of large amounts) making deposits greater than $10,000…  because, that, too is “suspicious” to them.  I guess anyone who has any money besides them or their puppeteers is considered suspicious. Banks filed over…

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