SIGforum.com Main Page The Lounge NEWSTreasury Department declares IRS will monitor transactions of all U.S. bank accounts over $600
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| Cruising the Highway to Hell  |
https://miamistandard.news/202...k-accounts-over-600/ Joe Biden’s Treasury Department announced Thursday an invasive new initiative tasking the federal government to audit virtually all financial transactions of Americans with bank accounts holding at least $600. The Treasury document, called “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals,” outlines how every individual bank account with over $600 will be monitored by the Internal Revenue Service (IRS). https://home.treasury.gov/syst...lanations-FY2022.pdf “Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves.” ― Ronald Reagan Retired old fart | ||
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| Staring back from the abyss  |
To what end? ________________________________________________________ "Great danger lies in the notion that we can reason with evil." Doug Patton. | |||
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blame canada |
Gold & silver... Hope you already got yours. We're being pushed to revolt, so the dims in power can turn up the gas. I wouldn't trust any FDIC institution with any large sums of my money. ~~~~~~~~~~~~~~~~~~~~~~~~~ "The trouble with our Liberal friends...is not that they're ignorant, it's just that they know so much that isn't so." Ronald Reagan, 1964 ~~~~~~~~~~~~~~~~~~~~~~~~~~ "Arguing with some people is like playing chess with a pigeon. It doesn't matter how good I am at chess, the pigeon will just take a shit on the board, strut around knocking over all the pieces and act like it won.. and in some cases it will insult you at the same time." DevlDogs55, 2014  ~~~~~~~~~~~~~~~~~~~~~~~~~~ www.rikrlandvs.com | |||
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TAXES | |||
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| Member |
For every dollar spent by the IRS they will recover two or three cents. JMHO | |||
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Spread the Disease |
I see a multitude of $599 transactions in my future… ________________________________________ -- Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past me I will turn the inner eye to see its path. Where the fear has gone there will be nothing. Only I will remain. -- | |||
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| Cruising the Highway to Hell |
I can see myself being retired via COVID mandates, opening a few accounts an transferrin $601 between them several times a day, just for something to do.  “Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves.” ― Ronald Reagan Retired old fart | |||
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quarter MOA visionary |
Isn't this just a " proposal " and not an actual law?  | |||
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The way I read it is if you have an account with $600 or more in it and make any transaction ($0.01 or more) then that will be reported to the IRS. The reporting is not only on transactions of $600 or more... Just say no... | |||
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| Help! Help! I'm being repressed!  |
This would only apply to FDIC insured institutions, correct? That is why they would be forced to comply with this BS? | |||
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Web Clavin Extraordinaire |
Like any account with $600? I mean, that's most every account around. What could they possibly be doing here aside from creating a massive bureaucracy and crippling the financial industry with busy work??? ---------------------------- Chuck Norris put the laughter in "manslaughter" Educating the youth of America, one declension at a time. | |||
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| Cruising the Highway to Hell |
Correct, it’s currently a proposal from the administration. “Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves.” ― Ronald Reagan Retired old fart | |||
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| Member |
The linked document to the IRS website (page 88) says:
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| My other Sig is a Steyr.  |
So, They have nothing else to do? | |||
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Altitude Minimum |
That will get a report too! Multiples of that will get an SAR (suspicious activity report). Just like multiples of some numbers below $10,000 do now. | |||
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Member |
So, another daily distraction to keep us from focusing on the previous treasonous actions by the communist regime known as the dnc? | |||
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| blame canada |
When do we kick this kegger off? ~~~~~~~~~~~~~~~~~~~~~~~~~ "The trouble with our Liberal friends...is not that they're ignorant, it's just that they know so much that isn't so." Ronald Reagan, 1964 ~~~~~~~~~~~~~~~~~~~~~~~~~~ "Arguing with some people is like playing chess with a pigeon. It doesn't matter how good I am at chess, the pigeon will just take a shit on the board, strut around knocking over all the pieces and act like it won.. and in some cases it will insult you at the same time." DevlDogs55, 2014 ~~~~~~~~~~~~~~~~~~~~~~~~~~ www.rikrlandvs.com | |||
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| Gracie Allen is my personal savior! |
Thanks.
Nope. They desperately needed another hopeless backlog of work to do. And that's just processing, mind you - who knows when they'll have the time to do analysis on any bank accounts not belonging to political opponents? | |||
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| Peace through superior firepower  |
Yes, everyone knows that if you have at least 601.00 in your account you must be running a continuing criminal enterprise. | |||
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| It's pronounced just the way it's spelled |
I see myself creating two (or more) accounts each with $600+ the minimum amount the banks will transfer without a fee, and start transferring the minimum every time I hear sleepy Joe’s name. | |||
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SIGforum.com Main Page The Lounge NEWSTreasury Department declares IRS will monitor transactions of all U.S. bank accounts over $600
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