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Tax Reporting Proposal
The IRS Tax Reporting Proposal is still in play. A recent proposal in Washington would require banks to report to the IRS on the inflows (deposits) and outflows (withdrawals) of personal and business accounts.
The proposal is "still being considered, and we don't have a timeline beyond that," Senate Finance Committee spokesperson Ashley Schapitl told S&P Global Market Intelligence on Sept. 22. In the House, the Ways and Means Committee's bill excluded the provision.
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View AllConsumer Alert! New IRS Reporting Proposal
A recent proposal in Washington would require banks to report to the IRS on the inflows (deposits) and outflows (withdrawals) of personal and business accounts. Under the proposal, Bank of the Pacific would be required by the government to report your account information to the IRS. Your privacy is our utmost concern and we want you to know about this potential change proposed by Washington policymakers.
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A Brief Guide to Ransomware
Because we live in an increasingly digital world, the number of cyberattacks are growing every year, and ransomware is quickly becoming cybercriminals’ favorite attack strategy. A successful ransomware attack can cost your business thousands, if not millions, in downtime and payments. Learn more about Ransomware and ways to protect your business by reading the full article.
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Fall Home Maintenance Tasks You Can Complete In A Weekend
Summer days are drifting away … and fall will soon be here. Before you deck out your front porch with pumpkins and gourds galore, make sure your home is ready for the change in seasons by tackling these to-dos.