Tell Congress to Block IRS Reporting Mandate

PeopleFirst Bank would like to take a moment to inform our customers and community of an URGENT matter pending in Congress that needs your attention. We care about you, your finances, and your account(s) with PeopleFirst Bank. We want you to know the facts. Especially when it relates to concerning developments around public policy that expose your financial privacy.

A proposal in Washington would require all community banks and other financial institutions to report to the IRS on all deposits and withdrawals through business and personal accounts regardless of tax liability. This indiscriminate, comprehensive bank account reporting to the IRS can soon be enacted in Congress and will create an unacceptable invasion of privacy for our customers. So, how does this affect you? If passed, the proposal would require financial institutions, like ours, to report the inflows (deposits) and outflows (withdrawals) of $600 or more, on personal and business accounts to the IRS regardless of customers’ consent.

Tell Congress to block a proposed bank IRS reporting mandate, which would invade customer privacy. #KeepMyBankingPrivate

Click here to protect your privacy!

Click here for more information on the Compliance Agenda