menu

News

Oppose New IRS Reporting Provisions

Latest News

Credit Union National Association (CUNA) and Virginia Credit Union League (VACUL) strongly encourage credit union advocates and members to send messages to lawmakers opposing new Internal Revenue Service (IRS) reporting provisions.

You may have heard about the recently proposed American Families Plan that will require credit unions and banks to report transactions of accounts holding more than $600. If you do not want to allow the IRS access to more of your personal information, please take part in the Credit Union Grassroots Action Plan.

Visit the CUNA Action Center to complete the form to send emails to state Senators and local district Representatives.

 

Update: In late October, the White House released a new reconciliation framework that does not contain the credit union-opposed Internal Revenue Service (IRS) reporting provision. Credit union advocacy adopted a bold advocacy strategy to fight back against the provision when it was first proposed and has been at the forefront fighting against this issue ever since.

22 Oct, 21