Proposed New IRS Reporting Requirements

by: Anna Beam, Vice President | Associate Marketing Director

Oct 4th, 2021

Banking Tips

While we do not routinely raise issues occurring in Washington with our clients, keeping your personal and financial information private and secure is our top priority. Congress is considering a plan to require all financial institutions to report detailed information on your personal and business bank accounts to the IRS, raising serious questions about your right to privacy.

If you have concerns with this plan tell Congress by calling your local representative or clicking the link aba.social/ContactCongress.

You can also learn more by visiting https://www.aba.com/advocacy/policy-analysis/joint-aba-sba-letter-to-house-opposition-to-tax-information-reporting-proposal

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