Somehow though, there is a proposal for banks to report all aggregate transactions over $600 to the IRS and break down the transactions for physical cash in that same reconciliation bill. This will put a target on the backs of all immigrants who don't have work authorization and have to get paid in cash and have to put it in a bank in order to pay their rent and bills. I'm guessing a lot of legal immigrants also have cash side jobs and such. I have a feeling that this part will end up passing. https://www.snopes.com/fact-check/bi...00-dollar-irs/