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He backs legislation that would shield Kansas’ small businesses from IRS surveillance.

On this day in 2022 in Washington, D.C., The Stop the Nosy Obsession with Online Payments Act (SNOOP Act) was introduced by U.S. Senator Roger Marshall, M.D., to repeal the tax code provision inserted by the Biden Administration in the American Rescue Plan (ARP) that requires third-party payment platforms to report businesses’ gross transaction volumes exceeding $600 to the Internal Revenue Service (IRS).

An amount of over $20,000 in commercial transactions per year was all that was required of payment providers prior to the ARP. Since the IRS has a terrible track record of protecting Americans’ personal information, millions of small businesses will be required to fill out 1099-K forms as a result of this new provision.

Attempting to require small businesses to provide personal information to the IRS is “extremely intrusive,” said Senator Marshall. “It undermines the rights and privacy of hardworking Americans,” Marshall continued. Just another evidence of the Biden Administration’s drive to expand federal government control over every aspect of Americans’ lives,” he writes. ” In order to stop the IRS from harassing American taxpayers and protect their financial privacy, I’m glad to support legislation.

Earlier this year, Senator Marshall joined his colleagues in presenting the “Prohibiting IRS Financial Surveillance Act,” a bill to block the IRS from adopting Democrats’ intention to give the agency access to transaction information on nearly every American. Senator Marshall

Background:

Third-party payment processors such as Venmo and PayPal will be obliged to report these commercial transactions beginning this month.

It’s no secret that liberal political groups and rich individuals have been the focus of Democratic IRS snooping in recent years.

To get even more access into the lives of ordinary Americans, the Biden administration attempted, but ultimately failed, to mandate that banks provide data on all bank accounts with annual transactions exceeding $600.

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Leo K. Nelson

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