Skip to Content

Archive - September 2021

Home News Archive - September 2021
The IRS Proposal You Need to Know About

The IRS Proposal You Need to Know About

Posted On: September 23, 2021 by F & M Community Bank in: Community Matters

IRS $600 Bank Mandate

As your community bank, it’s not often we share news from or take a public stance on, issues taking shape in places well beyond our city’s limits. However, we feel strongly that as our customer, you should be informed about a concerning new proposal by policymakers in Washington. 

This new proposal is calling for the IRS to track the deposits and withdrawals of all bank accounts with balances of $600 or more. This would affect...

Read More

Tags: #600IRSMandate, #BankingPrivacyMatters, #communitymatters, #FMcommunityBank, #KeepMyBankingPrivate, #KeepPrivacySafe, #OpposeMandate