Government records show they’ve confiscated $242 million in the past 10 years alone. Without proof of crime.
Think it can’t happen to you?
Just ask Carole H. from Iowa. She’s worked in a restaurant for nearly 40 years. One day, IRS agents seized $33,000 from her bank account.
Or ask Jeff and John, two brothers who’ve run their family business for 27 years. The IRS recently seized $447,000 from their bank account. Once again, no proof of crime was shown.
The New York Times reports the IRS is going after folks who make cash deposits.
It’s seized thousands of bank accounts. Including one belonging to a former Army sergeant. And if you can’t prove you’re innocent in a court of law, the agency gets to keep your money.
Alarmingly, 80% of the cases never result in prosecution for criminal activity. And these bank seizures have skyrocketed 500% in recent years.
The IRS promised to cut back this practice in late 2014 . Yet, recently, it confiscated $107,000 from another innocent, hardworking American named Lyndon M.
After the IRS seized his bank account, all he could say was… “It took me 13 years to save that much money, and it took fewer than 13 seconds for the government to take it away.”
Here’s the truth: Your money may no longer be safe in banks.
Fortunately, there is one little-known, controversial asset that can protect you and your money from this urgent threat.
In fact, a special exemption in the IRS code makes any money you put here “untouchable.”
This is one loophole the IRS hopes you never discover. It’s one of the world’s most misunderstood and yet most valuable assets. Click here for the full exclusive presentation.
Editor’s Note: For a limited time, the Palm Beach Research Group is showing this special presentation and supplying viewers with a simple how-to guidebook on this little known asset class. Go here to view it now.