IRS Seized $107,000 From Him. He’s Fighting to Get It Back.

The federal agents then showed McLellan paperwork that included deposits to the store’s account at Lumbee Guaranty Bank. The statements showed two deposits made within a 24-hour period totaling $11,400.The statements, they said, indicated he had a history of consistent cash deposits of less than $10,000, which is illegal.Then, the agents told the small business owner something that shook him to his core: The Internal Revenue Service had seized all of the money in L&M’s bank account: $107,702.66.

Source: IRS Seized $107,000 From Him. He’s Fighting to Get It Back.

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