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Could the proposed $600 bank reporting requirement to IRS actually LOWER your income taxes?
2 years ago
113
Federal Income Tax
Income Tax
Taxes
IRS
Internal Revenue Service
Freedom Law School
FLS
Tax Law
US Law
Law
Court
"The Treasury Department proposed in Spring 2021 that American banks report to the IRS every year the amount of all inflows and outflows of over $600 into any bank account.
Many Americans have expressed concern about how such bank reporting would affect their income taxes. In this presentation, Freedom Law School’s founder, Peymon Mottahedeh, explains how this could actually be good news for you!"
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