Bank Accounts Archives - FREE Yourself from IRS Problems

Shamsey Oloko November 16, 2021 Audit, Bank Accounts, Business Expenses, Deductions, Income, Income Tax, Income Tax Return, Internal Revenue Service 0

Feds Scale Back Bank Account Reporting Proposal

In April 2021, President Biden’s American Families Plan contained a proposal under which banks would report deposits and withdrawals for all business and personal accounts to the IRS except for accounts below a threshold of $600 or a fair market…