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Posts Tagged 'IRS'

We are pleased to present below all posts tagged with 'IRS'. If you still can't find what you are looking for, try using the search box.

IRS Tax Proposal: What it is and Why We Are Keeping You Informed

The Biden Administration is proposing a sweeping expansion of tax information reporting to raise revenue to help offset the cost of additional spending programs in the American Families Plan. The proposal, if enacted, would require banks to report to the IRS detailed information on the activity of every customer account above $600. These new reporting requirements raise severe concerns about consumers’ right to privacy.