The IRS & DOJ Are Grabbing New Powers In The Hunt For Revenue
Two headlines. Similar stories. The first from Switzerland:
US OFFERS SWISS BANKS A DEAL
The United States authorities have offered to lift the threat of legal action against 11 Swiss banks in exchange for information, a Swiss paper reported on Sunday.
This is part of a very long story. The US Justice Department has been doing everything it can to get the names of US citizens who have Swiss bank accounts. The DOJ damn near busted UBS over this a few years back. Now they are going after the other Swiss banks. The lawyers at the DOJ don’t kid around:
“Give us the names or we’ll sue the shit out of you”.
Given what happened to UBS ($780mm in fines), the other banks have no choice but to fold and hand over the info.
This second story ratchets things up a bit and brings it home:(Link)
FEDERAL JUDGE GREEN LIGHTS IRS SEARCH FOR CALIFORNIA GIFT TAX CHEATS
A federal district court judge has given the Internal Revenue Service permission to serve a “John Doe” summons on the California State Board of Equalization demanding the names of residents who transferred property to their children or grandchildren for little or no money, from 2005 to 2010.
The IRS has used John Doe summons to seek lists of American taxpayers unreported offshore accounts at Swiss Bank UBS and at HSBC’s bank in India.
These pushy techniques have worked well in Switzerland. The hard working folks at the DOJ/IRS are now bringing them to California. This means that the IRS can look at anyone’s real estate transactions. With John Doe warrants, they can go fishing/snooping wherever they like.
Think what you will of this. The country is starved for revenue. The outfit that is charged with collecting that revenue has an army of tough-minded lawyers behind it. It will have the power to turn over stones as it pleases. In the end this effort will raise some additional revenue. It will scare the crap out of a few folks as well. Some will cheer this. I see the John Doe warrants as a big and dangerous step on a very slippery slope. It sure won’t do much for Uncle Sam’s image.
Harold
The pursuit of a livelihood is secured as a Constitutional Right by the clause of Liberty in the Fifth Amendment. Such Rights are not suitable objects for taxation. Only court corruption such as US v Vroman permit this unlawful confiscation of wealth from the people. Ref. http://www.usa-the-republic.com/revenue/liberty/index.html Sherry Jqckson allowed Becraft to talk her out of asserting this Right. Sanctions by the court would have revoked Becraft’s license to the bar. Every conviction for an income tax charge that alleges a violation of 7401 — 7215 rests upon an invalid and bogus indictment. HC lies for a conviction that does not allege violation of “known legal duty.” http://www.usa-the-republic.com/revenue/liberty/index.html
They are constantly abusing their powers. Have you heard the Sherry Jackson interviews? She is an ex-IRS top auditor who claimed she physically arrived to tax payer’s businesses and intimidated them into paying. Can you guys refudiate or substantiate this claim? If you can’t find original vid we have it reposted on our site at
http://privateclientaccountant.com/2011/12/26/ex-irs-agent-reveals-intimidation-tactics-she-used-during-audits/