President Trump Just Made It Harder For The IRS To Seize Your Money!
President Trump just signed a fantastic law that is going to make it much more difficult for the IRS to take money from hard working Americans.
The bill will require the IRS to show probably cause by citizens to have made smaller transactions purposefully to evade financial reporting requirements.
The Daily Signal reported,
The Internal Revenue Service seized $446,000 from the bank accounts of brothers Jeffrey, Richard, and Mitch Hirsch in 2012, claiming a “structuring” violation against the owners of Bi-County Distributors Inc. for making multiple bank deposits of less than $10,000.
The government never charged them with a crime, nor gave them a hearing to enable them to contest the seizure, but after intense national media attention to the case, the government returned the funds.
The case was among many that highlighted an abuse by IRS agents known as legal source structuring that allowed the tax collection agency to use a law, the Bank Secrecy Act, intended to combat money laundering, to seize assets.
President Donald Trump signed a bipartisan bill Monday to force greater accountability on the IRS in the property seizures, as well as protect taxpayers from identity theft, boost whistleblower protections, and modernize the tax agency.
The President told reporters after he had signed the bill, "We just finished signing, the most important signing, of the Taxpayer First bill, the IRS Taxpayer First, which is a tremendous thing for our citizens having to deal with the IRS. It streamlines and so many other changes are made. That was just done and signed. It’s been made into law. So we are all set on that.”
President Trump is a man for the people. He has lowered our taxes and now he's making it more difficult for us to get treated badly and making the IRS's job harder if they want to try and take our money.
This is much better than these Democratic candidates, where every single one of them wants to raise taxes on Americans.