IRS Reporting

As your trusted financial partner, Adams Community Bank would like to make our customers aware of recent developments in public policy related to your financial privacy. Proposed legislation in Washington would require banks and financial institutions to report detailed information to the IRS on transactions involving $600 or more on every customer account, both personal and business. Adams Community Bank opposes this legislation due to privacy concerns for our customers. Congress is expected to vote on this proposal in the coming days. Please take a moment to click the link below and learn more. If you oppose this proposed legislation, complete the opposition form submitted to all relevant elected officials. Thank you in advance for your support.

As your trusted financial partner, Adams Community Bank would like to make our customers aware of recent developments in public policy related to your financial privacy.

Proposed legislation in Washington would require banks and financial institutions to report detailed information to the IRS on transactions involving $600 or more on every customer account, both personal and business.

Adams Community Bank opposes this legislation due to privacy concerns for our customers. Congress is expected to vote on this proposal in the coming days.

Please take a moment to click the link below and learn more. If you oppose this proposed legislation, complete the opposition form submitted to all relevant elected officials. Thank you in advance for your support.

https://tinyurl.com/3ynxf278

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