Oh, it’s transactions, balances and more:
Under Biden Plan, The IRS Would Know A Lot More About …
https://www.forbes.com/sites/irswatch/2021/04/28/...
Apr 28, 2021 · The American Families Plan would require banks to report balances, inflows and outflows to the IRS.
If the IRS can get all this information we don’t need to do our taxes anymore. The IRS can do them for us.