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CLAIM ID

2321d1e9

The IRS seized more than $242 million for suspected structuring violations between 2005 to 2012.

According to the Institute of Justice, data from the IRS shows that between those 8 years there were 2,500 cases of suspected structuring violations.

According to the Institute of Justice, data from the IRS shows that between those 8 years there were 2,500 cases of suspected structuring violations.The Institute of Justice (IL) claims that the IRS follows a policy where businesses suspected of 'structuring,' or depositing and withdrawing in small amounts to evade federal reporting requirements, get their funds seized. The IL confirms that between 2008 and 2012, the IRS seized more than $242 million for suspected structuring violations.

However, the IL adds that a third of these cases were simply transactions below the required threshold to report with no other criminal activity involved. Additionally, an article in Politico Magazine mentions that documents obtained using the Freedom of Information Act show that the IRS seized more than $242 million for suspected structuring violations.

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