Action Needed! Oppose New IRS Reporting Requirements
The Biden Administration is proposing a sweeping expansion of tax information reporting aimed at raising revenue to help offset the cost of additional spending programs in the American Families Plan. The proposal, if enacted, would require banks to report to the IRS detailed information on the inflows and outflows of every customer account above $600.
We need your help to let Congress know this proposal is flawed and will create additional and expensive burdens for small community banks. The proposal also raises the cost of tax preparation for small businesses and is a massive invasion of consumer privacy.
Tell Congress to reject new reporting requirements for financial accounts today and protect Americans’ sensitive financial information.
Contact your representatives today at https://lnkd.in/evVuhDgK
2021 Compensation Survey Now Available
Finding and keeping talented individuals is paramount but, unfortunately, increasingly difficult. You must be competitive in your compensation and benefits packages, or you will lose out. One of the best (and easiest) ways to find out how you compare is through MBA’s annual Compensation Survey.
Click here for more information and to order.