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Tag: cash deposits

31 Oct
Structuring Cash Deposits Is Illegal

Structuring Cash Deposits Is Illegal

The IRS is in the news again, this time for confiscating the bank accounts of small businesses operating mostly on a cash basis. One restaurant owner had her bank account frozen by the IRS. She had US$33,000 in the account, which represented the entirety of her operating capital. Effectively, the IRS put her out of […]