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DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » IRS Seizes Over $100,000 ... » Reply #11

Response to azurnoir (Original post)

Tue May 5, 2015, 05:34 PM

11. This is a "non-story!!!"

 

There is something else going on here!

$10,000 threshold is simply a bank reporting requirement not a "crime."

IRS deals with the collection of employment, income and excise tax owed to the federal government.

My guess is that poor "innocent-small-business-owner" Lyndon managed to accumulate $107,000 of cash (& possibly an expensive house, automobiles, convenience store building, etc.) over a 13 year period in which he reported consistent losses from his business (claiming the earned income credit, etc., etc., etc.).

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Arrow 28 replies Author Time Post
azurnoir May 2015 OP
jtuck004 May 2015 #1
appal_jack May 2015 #4
Kelvin Mace May 2015 #6
jtuck004 May 2015 #7
Kelvin Mace May 2015 #8
greyl May 2015 #14
Kelvin Mace May 2015 #16
snooper2 May 2015 #20
A Simple Game May 2015 #10
jtuck004 May 2015 #12
Dr. Strange May 2015 #17
iscooterliberally May 2015 #2
jamzrockz May 2015 #21
iscooterliberally May 2015 #23
CanonRay May 2015 #3
LiberalArkie May 2015 #5
jmowreader May 2015 #9
LineReply This is a "non-story!!!"
HenryWallace May 2015 #11
muriel_volestrangler May 2015 #13
HenryWallace May 2015 #19
Jesus Malverde May 2015 #26
billhicks76 May 2015 #15
HenryWallace May 2015 #18
billhicks76 May 2015 #24
HenryWallace May 2015 #25
Jesus Malverde May 2015 #27
cbdo2007 May 2015 #22
Jesus Malverde May 2015 #28
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