Is your money at risk? Discover this IRS Loophole. Get The FREE 2023 Gold IRA Kit Americans Are Using to Protect Their Retirement Savings
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00:00 Intro
00:18 Retirement Savings at Risk
00:34 IRS Loophole
00:50 How to put the IRS Loophole to work for you
00:55 Free Gold IRA Kit at
01:30 Conclusion – Protect your savings with gold and silver
Gold and silver help to diversify and protect your retirement savings. Goldco is a premium gold IRA company and have specialists standing by to help answer your questions.
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As Americans, we pride ourselves on the freedoms and protections provided by our Constitution. However, a recent IRS policy shifts the balance of power towards the agency, and could put your money at risk. This loophole in the tax code is known as the “asset forfeiture” provision.
Asset forfeiture allows the IRS to seize property, bank accounts, and other assets without filing criminal charges or obtaining a conviction. This means that even if you have not committed a crime, your money could still be seized by the government.
One of the most concerning aspects of this loophole is the burden of proof. In order to reclaim your seized assets, you must prove that they were not involved in criminal activity. This flips the innocent-until-proven-guilty principle on its head, and places an incredibly unfair burden on taxpayers.
Additionally, the IRS has been criticized for using asset forfeiture as a revenue stream. Recent reports have shown that the agency has seized billions of dollars in assets from Americans who have not been accused of any wrongdoing.
So, what can you do to protect your money? First, it’s important to be aware of this policy and understand the risks. Second, keep detailed records of all of your financial transactions to make it easier to prove that your assets are not connected to criminal activity. Finally, if you are ever the target of an asset forfeiture action, don’t hesitate to seek legal counsel.
In a country where innocent-until-proven-guilty is a bedrock principle, the asset forfeiture provision is a concerning loophole. By being aware of the risks and taking measures to protect your assets, you can ensure that your hard-earned money stays in your hands.
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