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i wish i had some great news to share with you all today but unfortunately todays update on the recent proposal to empower the irs to essentially have access to review your bank account transactions isnt what most of us have been waiting on hi everyone if youre new to my channel im lena im a certified public accountant please make sure that you are subscribed to my channel here on youtube for daily content on personal finance on taxes small business and beyond there are no signs of the proposal losing steam at all even with the amount of backlash and opposition that it has received and continues to receive from the public as well as the majority of financial institutions across the united states this week the speaker of the house pelosi defended the proposal to increase the amount of information that financial institutions report to the internal revenue service about bank accounts now listening to her speech it seems that she made an effort to emphasize that the specific proposal