Form 1040, tax check and money

Tell Congress to Oppose New IRS Reporting Provisions

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!

Complete this form.