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Re: Decoding the Proposed New Invasive IRS $600 Bank Reporting Rule  

By: ribit in 6TH POPE | Recommend this post (1)
Tue, 19 Oct 21 9:06 PM | 18 view(s)
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Msg. 25516 of 52718
(This msg. is a reply to 25513 by nacl01)

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...if the account has more than $600.00 per year in transactions it will be subject to reporting.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


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The above is a reply to the following message:
Re: Decoding the Proposed New Invasive IRS $600 Bank Reporting Rule
By: nacl01
in 6TH POPE
Tue, 19 Oct 21 7:16 PM
Msg. 25513 of 52718

require financial institutions to report cash flows of every account with more than $600 in deposits or transactions

I see a lot of $500 transactions in my future.

nacl


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