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IRS to Change Seizure Policy After Structuring Scandals
The IRS said it will overhaul its seizure policy following congressional pressure and apologize for freezing bank accounts of law abiders who structured deposits under 10,000 dollars to avoid reporting requirements. Commissioner Koskinen testified that new rules will stop seizures if funds originate legally, while audits probe past actions and scope. Georgia shop owner Andrew Clyde shared how a policy limit influenced his cash handling and insurance coverage.
MENTIONED IN THIS ARTICLE
Washington
Congress
IRS
John Koskinen
Koskinen
House
Ways and Means Oversight Subcommittee
Treasury Inspector General For Tax Administration
Peter Roskam
F Lll
Ways and Means Oversight
Roskam
Georgia
Andrew Clyde
Athens
Clyde