Yellen, IRS Push Democrats to Require Banks to Report Taxpayers’ Annual Account Flows - WSJ

Treasury Secretary Janet Yellen and IRS Commissioner Charles Rettig pressed lawmakers Wednesday to give the Internal Revenue Service more information about taxpayers’ bank accounts, as the Biden administration tries to salvage its struggling tax-compliance proposal.

Let’s just quarter an IRS agent in every home.

The IRS can also get bank account information during audits.

Yes.

Rep. Don Beyer (D., Va.), who likes the bank-reporting idea, said the publication of wealthy people’s tax records by the news organization ProPublica earlier this year also sapped support because of privacy concerns.

You don’t say.