Yellen on $600 IRS reporting requirement: 'There's a lot of tax fraud and cheating that's going on.'

Tuberville, bankers bash Biden plan for banks reporting $600 transactions to IRS

U.S. Sen. Tommy Tuberville joined with Alabama bankers outside Protective Stadium in Birmingham on Tuesday to criticize a Biden administration plan for requiring banks to report transactions of $600 or

Janet Yellen gets called out after claiming proposal for IRS to get bank account data is about holding wealthy Americans accountable

Treasury Secretary Janet Yellen was promptly called out after defending a controversial proposal that could have the Internal Revenue Service intrusively tracking all bank accounts with transactions that annually total $600 or more. What is the proposal? To improve "tax compliance" and boost gove...

Yellen: IRS Plan to Monitor $600+ Bank Transactions 'Absolutely Not' Spying -- 'There’s a Lot of Tax Fraud'

Treasury Secretary Janet Yellen said on Tuesday's broadcast of "CBS Evening News" that the proposed $600 IRS reporting requirement for banks is "absolutely not" a way for the government to spy on Americans. | Clips

Janet Yellen argues $600 IRS reporting requirement would be used to combat tax fraud

Fox News contributor Brian Brenberg explained the U.S. does not have an issue with tax collection, but Congress spends more than the amount coming in.

Janet Yellen Plan to Monitor $600+ Bank Transactions is 'Absolutely Not' Spying

Treasury Secretary Janet Yellen denied that an effort to enable the IRS to monitor bank transactions of $600 or more was an attempt to spy on ordinary Americans, saying it was about "tax fraud."

Yellen on $600 IRS reporting requirement: 'There's a lot of tax fraud and cheating that's going on.'

Treasury Secretary Janet Yellen continues to defend the Biden administration's proposed requirement for banks to report every transaction of $600 or more to the IRS, saying, "There's a lot of tax fraud and cheating that's going on."