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MeanLadyMADISON
by on October 17, 2021
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IRS proposal would see banks report yearly total flows over $600 from accounts to combat tax evasion, fact-checkers report A proposal by the Biden administration to increase tax enforcement and combat tax evasion would see banks report to the Internal Revenue Service (IRS) total inflows from bank accounts each year that are over $600, according to fact-checkers. Treasury Secretary Janet Yellen estimates that over the next decade around $7 trillion will be lost to tax evasion.  

it was posted on twitter  https://twitter.com/i/events/1448764967222611971

i'm personally not worried, cause i claim every penny i earn.. always has...

but i think it will clean out the over saturation online & those who think they don't have to pay taxes on money they earn.

Topics: taxes
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2 people like this.
Princess Lydia
This will include transfers via Cash App, PayPal, Venmo, Zelle, etc. This is why it is important to tax your fetish income. Very easily done, and you can make your own write offs. Starting January 1st, 2022, if you receive at least $600 electronically you will receive a 1099 tax form so ladies, be s... View more
Like October 17, 2021
GoddessChristina
I read about this recently. I file taxes every year for all sources of income.
Like October 17, 2021
GoddessNatashaNacre
If it's in my bank account, there's a paper trail. So of course every penny is claimed on my taxes. Of course.
Like October 17, 2021
MeanLadyMADISON
Big tech companies have set their sights on gaining more control over the flow of money in our country. Today, @CFPB ordered these firms to turn over information on their payment systems: @Facebook @Google... View more
Like October 21, 2021