For Americans Who Had Cash Seized By Government, a Chance to Get It Back

In a victory for lawmakers working to make it harder for the government to take property from innocent Americans, the Internal Revenue Service plans to give people who have had money seized over the last six years the chance to petition to get their money back, The Daily Signal has learned. According to a GOP source, the IRS told the House Ways and Means Oversight Subcommittee that it will send letters to everyone the agency seized money from for alleged structuring violations, which involves making consistent cash transactions of just under $10,000 to avoid reporting requirements, starting in October 2009. The GOP source said that amounts to roughly 700 cases, and those involved will have the opportunity to file petitions for remission or mitigation—akin to a petition for a presidential pardon—with the tax agency. Read more...