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Dec 24, 2021
Do you have more than 600 dollars in your checking account? If that’s a yes, the IRS wants permission to monitor it. The IRS says by knowing how much is going in and out of your account each year, they can spot whether an individual is hiding income they may not be reporting. This still must be approved by Congress, but it’s another extreme example of how far Government will go to get more tax money. Steve explains how his tax strategies can help keep Uncle Sam's hand out of your wallet!