THE QUESTION: -----------------------------
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Posted On: 09/16/2021 11:42:39 PM
THE QUESTION:
10TV viewer Richard Lundell sent us this question: "Recently I have noticed some rumors floating around that the Biden Administration is trying to pass legislation to force all financial institutions to report financial transactions of $600 or more to the IRS. Is there any truth to these rumors?"
THE ANSWER: Yes, under President Biden's proposed legislation the IRS would have more information on financial accounts with more than $600
https://www.10tv.com/article/news/verify/bide...b687e089db
10TV viewer Richard Lundell sent us this question: "Recently I have noticed some rumors floating around that the Biden Administration is trying to pass legislation to force all financial institutions to report financial transactions of $600 or more to the IRS. Is there any truth to these rumors?"
THE ANSWER: Yes, under President Biden's proposed legislation the IRS would have more information on financial accounts with more than $600
https://www.10tv.com/article/news/verify/bide...b687e089db
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