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Well, howdy there, internet people it's bow again so today we are going to

talk about the IRS proposal it looks like it's going to be in the

reconciliation bill and people have a lot of

questions about it and a lot of concerns. There are two main concerns. The

thing is there's also a pretty big misunderstanding about what this is. Now if you don't

know what I'm talking about there's a provision that is going to give the IRS

reports about accounts that have $600 in transactions or more.

Okay, so the misunderstanding occurs in what the IRS is actually getting. The idea seems to be

among a lot of people that the IRS is going to get like a printout of where you

spend your money. That's not really what's happening. They're

going to get a print out of how much money went into an account and how much money

went out of it. They're not going to know that you spend way too much

money at Wendy's. They're just going to get gross amounts, gross totals. Now, from a privacy standpoint, those people who are concerned about that aspect of it,

yeah, that's different than what's being commonly discussed.

Is it so different that it's going to change their... than what's being commonly discussed.

Is it so different that it's going to change their point of view?

...