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New IRS Reporting Mandates?
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If community bankers weren’t busy enough continuing their heroic economic response to the pandemic, a recent proposal to impose new IRS reporting mandates on customer bank accounts has become a major advocacy priority.
Support for this effort has been well-received by both banks and their customers. Bankers have already sent more than 10,000 messages to Congress, and consumer advocates have sent twice as many! But we need to keep momentum building!
To counter the plan, community banks AND their customers should weigh in directly with their members of Congress to voice their opposition - and VACB has resources from ICBA to help.
1. Bankers, please share your comments with your members of Congress by using this link: https://icba.quorum.us/campaign/IRS/
Bank customers can help, too! Please share this information with your customers and urge them to make their voices heard as well.
2. Consumers, make your voice heard by your members in Congress by using this link: https://www.icba.org/bank-locally/consumer-alert-from-icba Please mention if you are a small business owner as well.
Support for this effort has been well-received by both banks and their customers. Bankers have already sent more than 10,000 messages to Congress, and consumer advocates have sent twice as many! But we need to keep momentum building!
To counter the plan, community banks AND their customers should weigh in directly with their members of Congress to voice their opposition - and VACB has resources from ICBA to help.
1. Bankers, please share your comments with your members of Congress by using this link: https://icba.quorum.us/campaign/IRS/
Bank customers can help, too! Please share this information with your customers and urge them to make their voices heard as well.
2. Consumers, make your voice heard by your members in Congress by using this link: https://www.icba.org/bank-locally/consumer-alert-from-icba Please mention if you are a small business owner as well.
