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The IRS seized millions of dollars from law abiding small businesses using asset forfeiture

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In a two-year span, the IRS seized millions of dollars from small business owners who committed no crime. (Getty Images)

According to a report by watchdog group, The Treasury Inspector General for Tax Administration, the IRS has been taking millions of dollars from businesses who committed no crimes, using asset forfeiture as the method by which to take the money legally without charges.

The investigation began in 2014 after several lawsuits had been filed by libertarian-leaning law firm, Institute for Justice, over the Internal Revenue Service seizing the life savings of various businesses for violating anti-structuring rules.

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