IRS

The Biden administration this week endorsed a narrower version of its deeply controversial plan that would force banks to turn over more account information to the Internal Revenue Service in order to crackdown on tax cheats.

A pro-Republican outside group criticizes a proposal by Democrats that forces banks to give the IRS bank account information, to take aim a vulnerable House Democrats

Arizona Attorney General Mark Brnovich urged the top four congressional leaders in a letter this week to reject a Biden administration proposal that would force banks to turn over most customers' account information to the Internal Revenue Service.

The Biden administration agreed this week to pare back a deeply controversial proposal that would force banks to turn over most customers' account information to the Internal Revenue Service under a barrage of criticism from both industry groups and Republicans – but banks say the measure still goes too far and poses a serious privacy concern.

Government control of the financial system is no longer considered a radical idea in the Democratic Party but is instead the expressed goal.

Republican senators argued that Democrats new proposed IRS bank account reporting requirement would still affect nearly every American, but the Treasury said some GOP attacks are incorrect.

Senate Minority Whip John Thune, R-S.D., on Tuesday slammed a new proposal from Democrats that would raise to $10,000 the threshold for allowing the Internal Revenue Service to demand banks to report account transactions.

The Biden administration on Tuesday endorsed a scaled-back version of a proposal that could force banks to turn over customers' account information to the IRS.

EXCLUSIVE: House Republicans plan to unveil a bill on Friday to block the Biden administration's deeply controversial proposal to give the Internal Revenue Service additional scrutiny over most Americans' bank accounts.

Millions of parents across the U.S. can expect to receive some extra cash this week.

Giving the IRS more power to monitor customer bank accounts is not only a privacy violation but could raise costs for millions.

Millions of parents across the U.S. can expect to receive some extra cash this week, when the IRS will start distributing the fourth round of payments from the newly expanded child tax credit.

The Treasury Department on Thursday defended an incendiary proposal from President Biden to crack down on wealthy tax evaders by requiring banks to report more customer information on most Americans' accounts to the Internal Revenue Service.

The Biden administration has laid out a deeply controversial plan to crack down on wealthy tax evaders by giving the Internal Revenue Service additional scrutiny over most Americans' bank accounts.

Republicans say the treasury secretary's comments about the proposed IRS reporting requirement are technically correct but miss the point.