With so many things getting passed so quickly, not many people have heard about the new proposed $600 bank reporting rule. Biden's American Family Act contains a new IRS provision that would require banks to report on inflows and outflows of banks accounts as small as $600.
It has created an uproar based on privacy and compliance concerns.
In this week’s Touchpoint video Devlyn Steele examines the problems to help retirement investors understand and plan for the future.
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*This video is for educational purposes only. Augusta Precious Metals does not offer legal, tax, investment, or financial advice. Seek advice from your own attorney or financial professional before opening an account with Augusta. Past performance does not guarantee future results. Precious metals prices are volatile, and you could lose money. Joe Montana is a paid ambassador for Augusta. Augusta reviews are incentivized.
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