Off-Topic: IRS and the Power to monitor your bank
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Name:
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MartiniMan
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Subject:
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IRS and the Power to monitor your bank
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Date:
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10/14/2021 8:13:49 AM
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Unless I am wrong I believe every transaction over $600 will be reported to the IRS, not just deposits. Completely absurd as I am guessing that there are hundreds of millions of these transactions every year, maybe more. How can this possibly be used to trap tax cheats? It can't and that isn't why they are wanting to collect this data. It has to be some other reason......and a political reason at that. Want to bet we will start to see personal spending information of someone they are trying to harm politically get leaked to the govt media.
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