Claim: "The Biden administration is attempting to empower the IRS to monitor every single withdrawal, deposit, and transaction you make from your personal banking accounts, PayPal, Venmo, etc."
Fact-check: Fact-checking claims about new financial reporting rules
Verdict: barely-true
Organisation: PolitiFact
Author: Samantha Putterman
Date published: 2021-10-11T00:00:00