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[–]Tom_Bombadil 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

The IRS claimed that the businesses intentionally tried to evade federal bank reporting requirements by making cash deposits just under the $10,000 limit.
Critics say the IRS is being heavy-handed for seizing money from businesses when they haven't been charged with a crime.

They sold off the businesses assets, because of reporting requirement? Without a trial?!?

It's like the IRS is getting in on the civil forfeiture action. :-(