Will Your Bank Automatically Send All Your Info to the IRS?

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Biden wants IRS to snoop into your bank account, know when you have $600 or more Biden Tax Plan Leans on Banks to Help Find Unreported Income The proposal would require banks to report annual account inflows and outflows to the Internal Revenue Service White House Fact Sheet: The American Families Plan Department of the Treasury: General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals Elizabeth Warren's S.1788 - Restoring the IRS Act