Financial Institutions Balking At Biden Administration's Proposal Requiring Banks To Report Account Information To IRS

The Biden administration is trying to stop tax evasion, and it's proposing doing so by requiring banks to report your account information to the IRS. Many financial institutions are balking at the idea; CBS2's Christina Fan reports.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting