Steve

Steve

Steve loves working afternoons since it means he doesn't have to get up as early as some. He likes grilled meats, cold hard cider or a good Gin and,...Full Bio

 

Banks question proposal of reporting deposits of more than $600

The Biden administration is proposing to require financial institutions to report any deposit or withdrawal of more than $600 to the IRS. It’s part of the Reconciliation Plan that’s being debated in Congress. Right now, banks are required to submit currency transaction reports to the IRS if someone deposits or withdraws more than $10,000 in cash. Read more HERE

Bank Teller Working with Customer at Bank Counter in Retail Bank

Photo: Getty Images


Sponsored Content

Sponsored Content