Biden Tax Plan Update: Reducing the Price Tag, and the $600 Reporting Requirement

Originally published on October 14, 2021

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John, Daniel and Elena discuss the $3 trillion price tag of the original proposed bill and the efforts to bring down the cost. They also detail a proposed requirement that banks report to the IRS all account transactions over $600—and the controversy such a measure brings. <br /><br />Sign up to receive Biden Tax Update notifications when new episodes are released: https://www.jmco.com/biden-tax-plan-series/. <br /><br />To learn more about the Biden Tax Update Team: https://www.jmco.com/biden-tax-plan-series/

John, Daniel and Elena discuss the $3 trillion price tag of the original proposed bill and the efforts to bring down the cost. They also detail a proposed requirement that banks report to the IRS all account transactions over $600—and the controversy such a measure brings.

Sign up to receive Biden Tax Update notifications when new episodes are released: https://www.jmco.com/biden-tax-plan-series/.

To learn more about the Biden Tax Update Team: https://www.jmco.com/biden-tax-plan-series/