• discussions >
• Political Discourse

Yellen, IRS push Democrats to require banks to report annual account flows.

8TM

North America

https://www.wsj.com/articles/yellen-irs-…

In letters to lawmakers, the administration officials again asked Congress to require banks to report annual inflows and outflows from bank accounts with at least $600 or at least $600 worth of transactions, a proposal aimed at letting the IRS target its audits more effectively.