Maybe you’ve heard of the many policies the IRS uses to legally steal from people.
We’re not just talking the standard tax forms here. Instead, many of these programs have been built to penalize small business owners.
One such program is known as “structuring.” Using this program the IRS targets business who withdraw more than $10,000 at a time. The IRS began implementing the program some time ago to seize the assets of criminal businesses who were circumventing existing tax laws in an attempt to skim off the top.
The only problem with the structuring programs is many times the IRS targets legal, tax-paying business owners, whose work requires them to withdraw such sims regularly. Such was the case for Ken Quran, a North Carolina convenience store owner who say his whole life savings seized for committing the crime of withdrawing $10k on multiple occasions.
Back in the summer of 2014 the IRS took all of Ken’s money, a total of $153,907.99 because they said he was in violation of their provisions which restricted business owners from withdrawing more than $10k at a time.
This all but decimated his chances of continuing his business and ruined his life.
However, because of numerous problems associated with structuring prosecutions, like the one Quran had to deal with, the IRS changed its structuring procedures considerably in October of 2014.
Because this was true Quran was able to contest the seizure of his life savings.
And after a long, draw out legal battle, Quran was finally awarded a judgement over the IRS and they were force to return all of his money.
Details from an I.J. press release today:
…In July 2015, the Institute for Justice submitted a petition to the IRS on Ken’s behalf, arguing that the IRS should apply its policy retroactively to Ken’s case. The petition argued that the money “would not be seized—much less forfeited—under current government policy” and urged the IRS to “do the right thing and give the money back.”
This week, IJ sent a letter to IRS Commissioner John Koskinen following up on the petition—and urging the IRS to act quickly to give Ken his money back.
Today’s letter states that Ken’s petition is granted “in full.”….
According to data obtained by the Institute for Justice from the IRS via the Freedom of Information Act, the IRS forfeited about $43 million in 618 structuring cases between 2007 and 2013 in which the IRS reported no suspicion of criminal activity other than the mere fact of sub-$10,000 cash deposits.
It’s a stunning victory against the IRS which seems to wear a thick coat of Teflon and rarely sees itself held responsible for its actions.
Ever since the failed attempt to coral the IRS after their illegal targeting of conservative non-profits people have lost faith the judicial system would ever be able to stick it to the IRS.
Well news like this proves it’s 100% possible.
What’s you reaction to this judgement?
Tell us in the comment section below.