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IRS out of control or?

by TONI H / October 27, 2014 11:38 PM PDT
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The IRS has always was and is a dick
by Diana Forum moderator / October 28, 2014 2:36 AM PDT
In reply to: IRS out of control or?

Of course, the local cops can do the same thing. The can confiscate your cash if you're carrying a lot of it as suspected drug dealer and it's almost impossible to get the back.

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"It's not a job, it's a mission"
by R. Proffitt Forum moderator / October 28, 2014 2:42 AM PDT
In reply to: IRS out of control or?

On a sign at a local IRS office.

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Surprisingly
by TONI H / October 28, 2014 3:14 AM PDT
In reply to: IRS out of control or?

There was an interview on tv the other nite with a couple of 'medical and otherwise' marijuana store owners......although it is 'legal' in some states, it is still illegal via the Feds and IRS and banks have all been told not to deal with those businesses because the Feds interpret their revenue as 'illegal activity via drug dealers, etc. Dilemma: all cash sales, all held in safes on the premises or carried in person to the owner's house, employees and all bills are paid in cash, and have to hire armed guards because of probability of robbery, and last but not least, how to file income taxes and employee taxes legally????

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I guess the Feds finally
by TONI H / October 28, 2014 8:59 PM PDT

figured it out that they were losing revenue if they didn't give the banks the green light on this issue since this administration is all for legalizing it anyhow.....but they are still coming down on banks that deal with gun dealers and many have had their long-standing bank accounts closed because of pressure from the DOJ and Holder.

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Do you have a link?
by Diana Forum moderator / October 29, 2014 12:28 AM PDT
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Thank you
by Diana Forum moderator / October 29, 2014 6:04 AM PDT
In reply to: A couple here

Again government overreach. I agree that it's ridiculous and they have backed off. That list if weird. Some I agree with like credit card schemes (how do you tell?) and get rich products and Ponzi schemes (again how do you tell?) but tobacco sales and fireworks sales and surveillance equipment?

Will say that the only bank I see doing it is Chase. Never did like Chase. When I paid off all of my credit cards, all the other banks lowered my interest rate and kept the amount I could borrow. Chase was the only one that kept my interest rate the same and lower my amount from 2500 to 300.

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Capital One did that to me
by TONI H / October 29, 2014 9:14 AM PDT
In reply to: Thank you

Once I paid the balance off, I went to use the card again and found my limit was reduced from $5000 (I wanted to do a repair on my truck that was fairly expensive) down to $200 and had to borrow on my life insurance policy in order to come up with the cash needed for the repair. I will praise the insurance company though that their interest rate for that 'loan' from my dividends was way lower than what Cap One was charging so I actually made out on that deal, but it still was an embarrassing shock at the dealership when I had to leave the truck and wait a few days for my check to come from the insurance company. No notice, no snail mail, no email, no nothing from Cap One that they had cut me off at the knees.

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My Capital One didn't reduce mine
by Diana Forum moderator / October 29, 2014 10:01 AM PDT

In fact they increased both of mine.

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