Will Banks become informants to the IRS? “President Joe Biden's $1.8 trillion American Families Plan would require banks and P2P payment services to report annual account inflows and outflows to the IRS...Under the plan, individuals or businesses wouldn't be forced to report more information to the government. Rather, that task would fall to banks.”
Tracking Payments - Issue #5
Tracking Payments - Issue #5
Tracking Payments - Issue #5
Will Banks become informants to the IRS? “President Joe Biden's $1.8 trillion American Families Plan would require banks and P2P payment services to report annual account inflows and outflows to the IRS...Under the plan, individuals or businesses wouldn't be forced to report more information to the government. Rather, that task would fall to banks.”