Proposal requiring banks to send info on some accounts to IRS called 'spying' by critics | Rush Hour

A federal proposal intended to close the nation's so-called tax gap by requiring banks to report additional information on bank accounts with more than $10,000 in annual deposits or withdrawals to the IRS has critics accusing the federal government of trying to spy on Americans, while proponents say it’s meant to catch wealthy tax cheats.
#IRS #banks #RushHour

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