Monthly Archives: October, 2021

  1. Will There Be New Regulatory Burdens and Costs on Financial Institutions?

    The administration has a plan to extend the IRS’ reach to have bank transactions over $600 reported in an effort to garner $463 billion in additional personal income tax over the next decade. Financial experts are pushing back, asserting this could place undue regulatory and compliance burdens and costs on banks and other financial institutions….