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