As your bank and trusted financial partner, we want you to know the facts, especially when it relates to concerning public policy developments that expose your financial privacy. A proposal in Washington would require all banks and other financial institutions to report to the IRS the activity in your deposit and investment accounts – both business and personal -- regardless of your tax liability. This indiscriminate, comprehensive bank account reporting to the IRS could soon be enacted in Congress and would create an unacceptable invasion of your privacy.
Let’s work together to spread the word about the flaws of this misguided proposal — both on Capitol Hill and in our local communities. #KeepMyBankingPrivate
For more information and to take action, please click here to visit icba.org.