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Bank Cancels Religious Non-Profit & New Tax Rules | 12.26.22

Morning Wire

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The Opaque Practices of Banking and New IRS Tax Regulations

This chapter explores the practice of 'red dotting' in financial institutions, revealing how account closures can occur without clear justification. It also discusses the implications of new IRS tax regulations on platforms like Venmo and PayPal, amidst ongoing political discussions about government spending.

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