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lets talk about the elephant in the room shall we how much money do you have in your bank account depending on your answer under proposed tax reform all your transactions would be reported to the irs the irs will have access to your bank account if you maintain a balance over a certain threshold this is happening its not a theory its not a lie a couple of months ago i uploaded a video about this back when it was initially introduced and i know many of you felt strongly about it then and as the proposed legislation proposed by the current administration i should say is moving forward i wanted to share an update to let you all know exactly whats going on and what you need to be prepared for but before we get started please go ahead and check your subscription status if youre not yet subscribed to my youtube channel please go ahead and show some support subscribe ring the bell to enable video notifications and leave me a comment with your own thoughts on what were about to cover in