Bankers sound alarm over IRS provisions in Reconciliation Bill

AUSTIN, September 10, 2021 – Bank Association Considers Legal Challenge if Bank Surveillance Program Included

The Texas Bankers Association (TBA) is warning small businesses and taxpayers about a Congressional proposal that would allow the IRS to collect data on all financial transactions of $600 or more. TBA is calling on Congress to withdraw language in the massive budget Reconciliation bill that…