The Internal Revenue Service building in Washington on April 15, 2019. (Zach Gibson/Getty Images) Democrats have said they plan to raise the threshold of President Joe Biden’s radical proposal that all bank transactions of more than $600 be reported to the Internal Revenue Service (IRS).
The initial proposal ( pdf )—which Biden says is aimed at curbing tax evasion—would require banks and other financial institutions to report to the IRS any deposits or withdrawals totaling more than $600 annually to or from all business and personal accounts.
The new reporting requirement would take effect in 2022 and would apply to both […]
Read the rest of this story here: www.theepochtimes.com
Protect Your Finances Today
Precious metals are historically the most reliable and safest hedge against economic turmoil. With Joe Biden and the Democrats making a mess of an already chaotic financial situation due to the pandemic lockdowns, it’s important for patriotic Americans to take control of their financial future.
Our Gold Guy offers consultations to those who want to invest in precious metals. During these consultations, we will match your current financial situation with the best precious metal purchases. You will not talk to a telemarketer or sales rep. You will talk to a true expert in precious metals with decades of experience helping people protect and advance their wealth.
Fill out the form here and we will schedule a precious metals consultation.
