• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Pridgeon & Zoss, PLLC

Just another WordPress site

  • Home
  • Firm Overview
    • Review Us
  • Meet Our Attorneys
  • Tax Law Services
    • CP504 Notice in MN
  • Professional Referrals
  • Our Required Retainer Deposit & Fees
  • Blog
  • Contact Us
Home / IRS / Report on IRS search and seizure process: It’s broken, so fix it
  • Home
  • Firm Overview
    • Review Us
  • Meet Our Attorneys
  • Tax Law Services
    • CP504 Notice in MN
  • Professional Referrals
  • Our Required Retainer Deposit & Fees
  • Blog
  • Contact Us
Call
Contact
Blog

Report on IRS search and seizure process: It’s broken, so fix it

A federal law requires that an individual — often a business owner — attend to more than a modicum of paperwork following any bank deposit that exceeds $10,000. Such has been the case for a number of years, the rationale for the requirement being the federal government’s stated desire to uncover illegal activities such as tax evasion and money laundering.

Now imagine yourself as an honest and conscientious business owner who seeks to save both time and headaches by making bank deposits of slightly less than that amount.

According to a recent media account on IRS search and seizure activities, here is what has been happening to some of those good-faith business principals: The Internal Revenue Service has simply seized the money in such accounts after receiving bank notifications citing suspicious activity.

For immediately understandable reasons, that has raised the ire of innocent persons who have seen hard-earned money simply disappear, as well as resulted in strong scrutiny and remedial recommendations from relevant investigators.

Those investigators work for the U.S. Treasury Inspector General for Tax Administration (TIGTA), and they recently issued a report on IRS abuses regarding civil asset forfeiture practices.

Reportedly, a strong spotlight was placed on the Criminal Investigation unit of the IRS following a high-profile national media story noting irregularities in the manner in which IRS special agents issued search warrants (yes, certain agents have that authority) and carried out asset seizures.

Investigators from TIGTA noted many mistakes in search warrants and in properly accounting for and securing assets following seizure. A number of best-practice recommendations were made by the administration, which IRS officials say they agree with and implement.

In responding to TIGTA, the IRS noted that it is “in the process of working on an improved system” that will result in better procedures and outcomes regarding search and seizure matters.

On Behalf of Pridgeon & Zoss, PLLC Dec 03 2014 IRS

Primary Sidebar

Do Not Delay Responding to a Tax Notice

Name(Required)

Practice Areas

Tax Disputes

  • Tax Litigation
  • Audits
  • Tax Appeals
    • Appealing a Levy Action

Business & Payroll Taxes

  • Trust Fund Assessments
  • Complying with Sales and Use Tax Laws

Self-Employed

  • No Taxes Withheld

Outstanding Balances

  • IRS Collections and Currently Not Collectible Status
  • Settlement Options
    • Offers in Compromise
    • Installment Agreements

Latest Blogs

5 Things to Do if You Get Audited in Minnesota

March 27, 2023

What is a Trust Fund Recovery Penalty?

January 31, 2023

A Guide to the Minnesota Tax Appeal Process

January 27, 2023

The Secret to Successful Self-Employment

October 19, 2022

Things You Should Expect Being Self-Employed in Minnesota

October 13, 2022

Footer

Edina Tax Law Office

4951 W 77th Street, Box 11
Edina, MN 55435

Telephone: 952-835-8320

Fax: 612-682-4711

Roseville Tax Law Office:

1915 Hwy 36 West, Box 3
Roseville, MN 55113

Telephone: 612-455-8948

Pridgeon & Zoss, PLLC provides legal counsel for clients in Minnesota and Western Wisconsin

© 2025 Pridgeon & Zoss, PLLC. All Rights Reserved.

Disclaimer | Site Map | Privacy Policy