The IRS Wants Access to Your Bank Account!
Money Guy Show
00:00
The New Proposal Isn't a Single Transaction, but an Exception for Wage Income
The new proposal would require the IRS to report aggregate transactions over ten thousand dollars per year. TheIRS already knows about your wage income, because there's already ten 99 and w twos that report that information. But what they did say is there's going to be an exception for wage in like, if your pay check is coming in and out, that's not going to be there.
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