ALERT: Washington Proposes IRS Bank Account Reporting
A recent proposal in Washington would require banks to report to the IRS on the inflows and outflows of personal and business accounts. Under the proposal, Scott State Bank would be required by the government to report your account information to the IRS.
We care about you and your privacy and want you to know about this potential change proposed by Washington policymakers. If you want to learn more about these issues or share your opinion with Congress, visit banklocally.org/privacy.
You may also click on the Washington Proposal for IRS Bank Account Reporting link below. A short video is also available that further explains this proposal.
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