News

Search News






The Community Buzz

What is this?

IRS apologizes for seizing bank accounts of small businesses




Their alleged crime: routinely making bank deposits of less than $10,000. That allowed the business owners to avoid reporting requirements designed to catch drug dealers and money launderers-IRS Commissioner John Koskinen told Congress that the IRS is changing policies to prevent the seizures-By law, bank transactions above $10,000 must be reported to the IRS. It's a felony, called "structuring," to manage transactions to avoid the reporting requirement

Read Full Story: http://apnews.myway.com/article/20150211/us--irs-s...

Shared by



Comments (0)

Add Comment
Comments Options
Sort comments by:








General Dynamics Information Technology

Apply

Sr Engineer, Systems

Category:

Information Technology

Region:

AZ - Tucson


General Dynamics Information Technology

Apply

Sr Analyst, Info Security

Category:

Information Technology

Region:

CA - Santa Barbara


Newmark Grubb Knight Frank

Apply

Senior Project Manager

Category:

Project/Program Management

Region:

NY - New York City


Con-way Freight

Apply

Truck Driver

Category:

Supply Chain/Logistics

Region:

CO - Colorado Springs/Pueblo