You’ve likely heard about legislation that would require credit unions and other financial institutions to report to the IRS how much money has gone into and out of accounts with a balance of more than $600. Theoretically, they think that having this information could help the IRS collect an extra $463 billion in taxes over 10 years. Because this is a violation of consumers’ personal financial privacy and there are significant data security risks, credit unions and their members should not support the proposed new IRS reporting requirement.
TAKE ACTION NOW: It is important that you take action now to let your Senators and Representatives know that you oppose it. We’ve made it easy to contact your representatives NOW!