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Proposed U.S. rule would force reporting of all accounts of $600 or more

Betsy Price September 8, 2021 Business, Headlines

A proposed rule requiring details of most financial accounts is designed to find taxes to help pay for the $3.5 trillion federal reconciliation bill. Photo by Nathan Dunlao/Unsplash   A federal proposal that would require banks, credit unions and apps like Venmo and Paypal to report any account with more than $600 in transactions in a year to the IRS …

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Bank of AmericaBitcoinBrad ThalerChaz RzewnickiCommunity Powered Federal Credit UnionDelaware credit unionsDoug TroskeyDover Federal Credit UnionFederal account reportingNational Association of Credit UnionsPNC BankWSFS Bank
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