The IRS Is Coming For YOUR Money | American Rescue Plan Consequences

The American Rescue Plan was presented as a bill that would allow american citizens and business owners to get a respective stimulus. What wasn't talked about too much was the changing of the reporting threshold for transactions to the IRS. The previous amount was $20,000, and now has been changed to $600. That's right, every $600 or more transaction you make is supposed to be reported to the IRS. Don't worry though, this is only to get the rich and powerful who are avoiding taxes... -_-

https://www.dailymail.co.uk/news/article-11491943/Lawmakers-cry-against-Biden-IRS-reporting-requirements-600-transactions.html

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