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Tag: civil forfeiture

30 May
Woman giving cash money to male customer

Structuring Cash Deposits Is Illegal

Structures Versus Structuring The IRS was in the news a while ago 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 [...]