News / Article

Small business owners forced to battle IRS over seized bank accounts

Source: foxnews.com - Feb 12, 2015

Andrew Clyde, a Navy veteran who served in Iraq, started his small firearms store in Athens, Ga., in the 1990s.

Over the years, he watched his business grow.

And then, on April 12, 2013, two IRS agents swooped in and seized nearly a million dollars from his company's bank account.

Clyde was on the wrong end of a murky federal program that allows agencies to seize assets they suspect could be tied to criminal activity -- even without actual criminal activity.

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Category: IRS