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[IRS] The IRS Wants Your Bank Records (John Hinderaker) Earlier today, Treasury Secretary Janet Yellin defended the Biden administration’s proposal to require banks to report inflow and outflow information on all accounts with more than $600 or more than $600 in transactions–in other words, virtually all bank accounts: During an interview on CNBC’s “Squawk Box” on Tuesday, Yellen was pressed on whether the IRS has the “wherewithal” to collect more information about taxpayers and bank accounts including cash flows, Published:10/5/2021 9:40:33 PM
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