Outrageous IRS Milks Dairy Farmer for Tens of Thousands Through Legal Loophole
A Maryland dairy farmer was left high and dry when the IRS swooped in and seized tens of thousands of hard-earned dollars from his account, claiming he violated an obscure banking law.
Despite the agency all but admitting the law they used to seize the cash is flawed - and at least one member of Congress calling the move unconstitutional - Randy Sowers is still fighting to get his money back.
Sowers explained that he is accused of “structuring,” or frequently depositing sums under $10,000 at the bank, since deposits above $10,000 must be reported to the federal government.
"It’s not my paperwork to fill out anyway. It should be the bank’s. I just told my wife one day that if we keep it under $10,000, they didn’t have to fill out the paperwork," Sowers explained. "She just did what they asked her because nobody likes to fill out paperwork. So that’s what she did for 32 weeks ... She just took $9,500 a week and deposited it."
Sowers revealed that the IRS took nearly $65,000 from his account and has yet to return $29,500 of it.
He explained that in February, he took his fight to Capitol Hill, where nine members of the House Ways and Means Committee agreed during a hearing that something was wrong with the structuring law.
"In the beginning, when you think the government can throw you in jail for something like that, it was scary," Sowers said. "But I think it’s going to be straightened out now."
Watch the "Fox and Friends Weekend" clip above.
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