IRS Seizures

[Guest guest]

- luckypig [Paranormal_Research] IRS SeizuresHere is something for people living In America to be aware of. It only effects people who have banking accounts of such size that they could make a $10000 cash withdrawal. But, it is also a situation that the IRS and the banking industry, the Federal Reserve, is exploiting. I am not going to quote the particular sections, merely what the basic requirements are, because they are fairly lengthy and one can look them up on various websites for oneself. In Title 31, Section 5313 it is stated that when a person makes a cash withdrawal of $10000 or more, there will be what is called a Cash Transaction Report filed by the bank to the IRS. This particular law is designed to help to prevent terrorism and money laundering, supposedly, but can also be used for other things as well. Your withdrawal, in cash, is not illegal, but the bank must report it. The bank has no requirement, in law, to tell you however. Another statute that is being used by the IRS, and banks, in relation to Section 5313 is the statute stated in 5324. It is a statute declaring it to be illegal, prohibited, to make “structured” cash withdrawals in any fashion so as to avoid the $10000 CTR (Cash Transfer Report) trigger. There are relatively severe penalties, including jail time of up to 5 years, as well as financial penalties, including forfeiture and seizure of the bank account from which it was drawn. So, if you go the bank to make a $10000 cash withdrawal (people do have perfectly legitimate reasons to do this) and the bank tells you that (although they are not required to tell you) they will have to file a CTR to the IRS, you then decide to withdraw your $10000 over the course of two days in two $5000 allotments, you are now guilty of “structuring” your withdrawal so as to avoid the $10000 triggering of the CTR. Now you have broken a law, not by intent, but rather merely because of taking your own money out of the bank, But here is the catch, the bank does not tell you that you are guilty of making a structured transaction, although they actually persuaded you to do so. Technically, the bank is now guilty of persuading you to break the law. But it is not them that gets prosecuted for it. You are the person prosecuted. You are supposed to know the law as it applies to you. The bank tells you about its requirement to file the paperwork to the IRS. That, all by itself, frightens many people. Why would I want further involvement with the IRS. So, you, the customer of the bank where your money is at, is frightened by the bank in such a way that you make your monetary withdrawals in such a way so as to avoid the trigger point. You break the law. Now your money and accounts are subject to forfeiture, along with anything bought by that money, along with the fines and jail time that you are subject to. And the evidence for the transaction is right there on your receipts, and the bank records, all perfectly attainable by the IRS to prosecute you with. Your intent does not matter. The only findable fact about the “crime” is the already recorded “structured” transaction. If the bank has any reason to suspect your banking of anything, they are very likely to report a SAR (Suspicious Action Report) about you and the actual transactions to the IRS. Now a very real investigation about you gets under way to try to determine what it is that you are doing. But you are actually guilty of the crime immediately. So, even though there may be no immediate consequence, there is now an investigation that is building more evidence, all unknown to you, possibly merely to see if you continue to break the law in this fashion. The bank, tells you of the one law, to scare you, while not telling of the one they are actually frightening you into violating and the procedures that that violation will set off. The writer of this has just sat in a federal courthouse and watched these two statutes be used in an action against a defendant. I’m keeping their names secret, and would like mine not be posted as I stood up for these people, with my name being indentified. But this is information that everyone needs to know. Even some of the legal people involved were absolutely amazed. But, I’d imagine that the bank’s reporting on this would be selective, as well as the IRS’s execution of the law. But, lets say that you write things that are for governmental reform of various laws, like this one. Well, chances are very great, that it would be implemented against you.