The IRS Wants Access to Your Bank Account!
Money Guy Show
00:00
What's the Initial Proposal?
The initial proposal was that all transactions of money coming into your account, going out of your account over 600 dollars would be reported to the ir s. A lot of people, including your local bankers, were like, oh my od, what we we men? That's a big change. So now they've updated,. because, i mean, there was a pretty big pushback on this, and they updated to now ten thousand dollars a year.
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Transcript
