2021-10-12 22:27:23
It is not a proposal to provide detailed, transaction-level data by banks to the IRS. The IRS would only see annual aggregate flows and outflows, with no detail on individual transactions to cut down on TAX CHEATS! [Link] NEEDS_MORE_RATINGS(1-0-6) Author
2021-10-13 11:36:25
The new rule proposed does allow the IRS to watch every single transaction in every bank account for $600 or more. The administration plans in hiring thousands of new IRS agents to police it [Link][Link][Link] NEEDS_MORE_RATINGS(3-1-2) Author
2021-10-14 04:04:31
This just an opinion NEEDS_MORE_RATINGS(1-0-1) Author
2021-10-14 08:45:26
The IRS current transaction reporting amount is 10k. Dropping it to $600 is to catch poor and middle class working under the table and evading taxes. NEEDS_MORE_RATINGS(0-0-0) Author