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Title: WHEN THE TAXMAN FREEZES YOUR BANK ACCOUNT. . . .
Source:
Gary North.com
URL Source: http://www.garynorth.com
Published: Jan 24, 2006
Author: Gary North
Post Date: 2006-01-24 23:38:00 by DeaconBenjamin
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Keywords: ACCOUNT., FREEZES, TAXMAN
Views: 101
Comments: 15
The following horror story is true. It's my story. If this can happen to me, it can happen to you. If this story will not persuade you to buy some gold coins or to set up a gold storage account outside the United States http://(www.goldmoney.com), I don't know what will. Check the daily price of gold here: If owning gold is more than you can handle, then you need to consider an off-shore banking account. I'll get to that at the end of this report. A month ago, I was planning a morning flight out of Memphis to Atlanta. I had a 6:15 flight. So, at about 5 a.m., I went to my local bank. There, I inserted my ATM debit card. I entered $100 to withdraw. I got a note out of the machine, "Insufficient Funds." I was convinced that I had $500 in the account. I use it for my monthly bills. I don't keep much money in it because I worry about identity theft. I had a plane to catch, so I could not wait to find out what was wrong. When I got to Atlanta, I called my wife. I told her about the problem. She looked into it. Here is what she found out. A bank employee in the bank's Alabama operation had frozen my account two weeks earlier. The bank had not notified me of this freeze. Why had she done it? Because she was ordered to by a woman in the Texas Department of Revenue. What had that to do with my account in Mississippi? I had not been living in Texas since 1998. My wife called the woman who ordered my bank account frozen. She was told that she had not paid taxes since 2003 on a solely owned corporation operating in Texas. But she owed no taxes. That corporation had ceased operating in Texas or anywhere else. A corporation is a legal entity. It is not a proprietorship. Why had they frozen my account? A month earlier, I had added my wife to the account. Her name came up on a computer operated by the woman in Texas. So, because of a corporate account still on the books in Texas, my account in Mississippi was frozen. My wife had her accountant send a FAX to the woman in Texas, telling her that the corporation no longer operated in Texas. The woman then contacted the woman in Alabama, who removed the freeze. Then, the next day, someone in Alabama re-imposed it. My wife's accountant contacted the woman in Texas. "Why did you put the freeze back on?" The woman denied that she had. She blamed the office in Alabama. "They must not have looked at the date on the original freeze. They thought it was a new freeze order." Again, she contacted Alabama, and the second freeze was removed. In the meantime, every check I had written bounced. I was then assessed bounced-check fees by every one of them. Understand how this worked: 1. My wife's corporation in Texas had not paid taxes because it no longer operated in Texas. 2. It took two years for the Texas Department of Revenue to assess the tax retroactively. 3. No one in that department contacted my wife about the money owed. 4. My wife's name then appeared up on my account. 5. The lady in the Department of Revenue spotted this and ordered the bank office in Alabama to freeze my account. 6. The bank sent me no warning, before or after the freeze. 7. The account's funds were frozen until the lady in Texas told the lady in Alabama to unfreeze my account. The lady in Texas told my wife that she freezes accounts all day long. That is her job. Obviously, she is very good at it. As for the size of the tax said to be owed, she refused to disclose to my wife's accountant on what basis the tax was assessed. She made it clear to my wife that no money had been removed from my account. My wife's name also appears on our joint account in Arkansas. But the money in that account exceeded the amount of the tax said to be owed. Thus, the account could not be frozen. The lady in Texas waited until a smaller account with my wife's name on it appeared on her screen. Thus, the freeze would shut down the account. A frozen account guarantees that someone will contact the lady in Texas. Why no warnings -- from Texas or the bank? Because this tactic will not work if the account holder has the opportunity to withdraw the funds. So, here's the deal. A tax collecting bureaucrat in Texas uses a data base to identify every bank account in the country that has a person's name on it. Irrespective of the legal separation of a corporation from the assets of that corporation's officers -- the so-called "veil of the corporation" -- the tax collector can freeze any bank account in any bank in the country. She just contacts a low-level bank employee -- the freeze lady, I guess -- to freeze an account, and on the bureaucrat's word, the account is immediately frozen. The owner of the account is not informed of the freeze until the checks start bounding or the ATM reports "Insufficient Funds." Did you know this? My wife's accountant didn't. CONCLUSION Set up a bank account in a foreign country. Make sure that there is enough money in that account for you to pay your bills for at least three months. This gives you some leverage with the tax lady. Here is my recommendation: set up a Canadian bank account. It's easy. If you don't know where to begin, click here: http://snipurl.com/canadabanking Inside the United States, bankers have quietly agreed to cooperate with tax collectors in separate jurisdictions. I am not sure if the political lever was a branch bank in Texas. My local bank was purchased by a regional bank last summer. I do know this: from Texas to Alabama to Mississippi, the word went down: freeze this bank account. It was then frozen. Your property is not secure. The fine points of the law, such as corporate law, may not protect you.
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#1. To: DeaconBenjamin (#0)
People are so stupid... You think your money is safe ANYWHERE??? Buy Gold, and keep the stuff hidden somewhere where nobody else will find it. That's why people never should trust banks.
 | What's that Mr. Nipples? You want me to ask the nice lady about her rack?. |
#2. To: TommyTheMadArtist (#1)
Every fifty years or so the banks have a "holliday" and 99% of the population is left with a pot to piss in and an upside down mortgage, and their farmland to be repossesed. Been about fifty years, no?
People are so stupid... You think your money is safe ANYWHERE??? Buy Gold, and keep the stuff hidden somewhere where nobody else will find it. That's why people never should trust banks.
"Our country is now geared to an arms economy bred in an artificially-induced psychosis of war hysteria and an incessant propaganda of fear." -- General Douglas MacArthur
#3. To: tom007 (#2)
I can tell you, this is why we're considering a nice move out of the United States. This fucking place is turning into a toilet. If it's not the illegal aliens, it's the bankers. If it's not the bankers, it's the government. If it's not the government, it's criminals. THE WHOLE COUNTRY IS FUCKED UP, and nobody seems to think it's a bad thing. There is only one class of people benefitting from a fucked up America, and that is the uber elite. The people who have more money than God. They have this overdeveloped sense of entitlement, that somehow they are better than the rest of humanity, because they all think they're the descendants of Jesus Christ. It's THAT reason alone that I KNOW that the bible is a fucking joke. The so called divine right of ascension of these pricks makes me ill. Between the corruption and greed and the crazy fuckers at the top wanting to destroy the world through their economic jihads, it's amazing that we as a species have allowed these parasites to keep screwing us.
| What's that Mr. Nipples? You want me to ask the nice lady about her rack?. |
#4. To: TommyTheMadArtist (#3)
Tommy, you seem to be redundent here.
f it's not the bankers, it's the government. If it's not the government, it's criminals.
"Our country is now geared to an arms economy bred in an artificially-induced psychosis of war hysteria and an incessant propaganda of fear." -- General Douglas MacArthur
#5. To: TommyTheMadArtist (#3)
Between the public schools and the Israeli commandeered media, most didn't have a chance. Bewillderment and football games and porn and tv. What else would be needed to control a population, or the crucial 80%, so the 20% can't speak out with out being painted as KOOKS.
reed and the crazy fuckers at the top wanting to destroy the world through their economic jihads, it's amazing that we as a species have allowed these parasites to keep screwing us.
"Our country is now geared to an arms economy bred in an artificially-induced psychosis of war hysteria and an incessant propaganda of fear." -- General Douglas MacArthur
#6. To: TommyTheMadArtist (#1)
Yyyyyyeah, and then you have to sell the gold for money, and what does the coin dealer give you? A check. Which if your accounts are frozen is useless. Of course, you could always go through your local pawnbroker and get 50% of spot...
You think your money is safe ANYWHERE??? Buy Gold, and keep the stuff hidden somewhere where nobody else will find it.
I love children, but I can never finish a whole one.
#7. To: Indrid Cold (#6)
Bring it to me 2% out of state license I'll cash it, only cause I know IC's check is good. So now you are down to 48%. The only wealth is health.
Of course, you could always go through your local pawnbroker and get 50% of spot...
"Our country is now geared to an arms economy bred in an artificially-induced psychosis of war hysteria and an incessant propaganda of fear." -- General Douglas MacArthur
#8. To: DeaconBenjamin (#0)
Here is my recommendation: set up a Canadian bank account. It's easy. If you don't know where to begin, click here: good advice
Set up a bank account in a foreign country. Make sure that there is enough money in that account for you to pay your bills for at least three months. This gives you some leverage with the tax lady.
"Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked, and denounce the pacifists for lack of patriotism, and exposing the country to greater danger." ~Hermann Wilhelm Göring
#9. To: Indrid Cold (#6)
As they say, In GOD we trust, all others pay cash.
| What's that Mr. Nipples? You want me to ask the nice lady about her rack?. |
#10. To: tom007 (#5)
Look on the bright side: a decade ago, those 20% were called "the one-percenters."
so the 20% can't speak out with out being painted as KOOKS.
#11. To: DeaconBenjamin (#0)
This whole story would be much more terrifying (and believable) if Texas had a department of revenue.
Why had she done it? Because she was ordered to by a woman in the Texas Department of Revenue.
#12. To: Sonovademocrat (#11)
So it's the Comptroller of Public Accounts. He is relating what the Alabama banker called the Texas agency.
#13. To: DeaconBenjamin (#12)
How convenient. Prevents all sorts of legalities if you are talking about a non-existent entity.
#14. To: tom007 (#5)
let me tell you. the tax-man cometh and the tax-man taketh. My friend got out of jail, he was in for one year. His crime is he was a great tax consultant. OK, so he did taxes in favor of the client and not in favor of the government. and he did this for many years and had almost 10,000 clients. and the government got touchy about it. they put an undercover agent in his office to catch him, he was so good that this was the only way they could take him down. note to IRS - I'm just joking everyone wants him to do their taxes again, but he's barred for 3 more years. a great tax consultant.
#15. To: Sonovademocrat (#11)
they have some similar office even if they don't call it that. I noticed that the Arizona department of Revenue is not friendly. they came after me and did the leg-work of the IRS; Of all the extra taxes I had to pay due to their persecution 98% went to the federal government, but it was the state doing the leg-work. The friend I talked about in previous post who went down was prosecuted by the state, not the federal government. even though it was the federal gov's interest much more than the state. I perceive state dept of revenues are becoming fascist and doing leg-work for IRS.
if Texas had a department of revenue.
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