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Who’s Afraid Of Bank Reporting To IRS?

Who’s Afraid Of Bank Reporting To IRS?

There is grounds to be skeptical that the IRS will get much out of the new information source.  In 2018 TIGTA reported that IRS was not taking advantage of currency reports generated under the terms of the oxymoronic Bank Secrecy Act.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.