Customizable Email Message:
SUBJECT LINE: Customer Alert on IRS Reporting Proposal
Dear [CUSTOMER NAME],
We care about you, your finances, and your account with our community bank, so we want to let you know about a concerning proposal that Congress is looking to pass with a simple majority vote. If passed, the proposal would require financial institutions like ours to report the inflows and outflows on personal and business accounts to the IRS.
Independent Community Bankers of America polling conducted by Morning Consult found that 67 percent of voters oppose the proposal, which could hurt small businesses, violate your privacy, and drive consumers away from the banking industry.
If you want to make your voice heard by policymakers or learn more about this proposal, visit banklocally.org/privacy. We value your business and privacy and want to make sure you have all the information you need regarding your finances and your money.
Please let us know if you have any questions. We look forward to continuing to serve you and our community.
Sincerely,
Bank CEO/President
SUBJECT LINE: Alert: Washington Proposes IRS Bank Account Reporting
Dear [CUSTOMER NAME],
A recent proposal in Washington would require banks to report to the IRS on the inflows and outflows of personal and business accounts. Under the proposal, [BANK NAME] would be required by the government to report your account information to the IRS.
We care about you and your privacy and want you to know about this potential change proposed by Washington policymakers. If you want to learn more about these issues or share your opinion with Congress, visit banklocally.org/privacy.
Thank you for being a valued customer of [BANK NAME].
Sincerely,
Bank President/CEO
Read our collected bullet points, gathered facts and other direct information to help you better discuss this invasive proposal.
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IRS Reporting Social Media Toolkit
Hashtag: #KeepMyBankingPrivate
As your community bank, we want our customers to know the facts, especially when it relates to concerning developments around public policy that exposes your financial privacy.
A proposal in Washington would require all community banks and other financial institutions to report to the IRS on business and personal account deposits and withdrawals regardless of tax liability.
This indiscriminate, comprehensive bank account reporting to the IRS can soon be enacted in Congress and would create an unacceptable invasion of privacy for our customers that could harm small businesses.
Let’s work together to spread the word about the flaws in this misguided proposal—on Capitol Hill and in local communities nationwide. #KeepMyBankingPrivate banklocally.org/privacy
For community banks
Proposed Social Posts:
- We proudly join @ICBA and others in telling Congress that we serve our customers, not the IRS. Join us and help us #KeepMyBankingPrivate: banklocally.org/privacy
- We work for our customers and our community, not the IRS. Join us in telling Congress that proposed IRS bank account profiling is intrusive and indiscriminate for our customers #KeepMyBankingPrivate banklocally.org/privacy
- Tell Congress to block a proposed bank IRS reporting mandate, which would invade customer privacy and harm small businesses. #KeepMyBankingPrivate banklocally.org/privacy
- We are community bankers, not IRS agents. Our customers will always come first. #KeepMyBankingPrivate banklocally.org/privacy
- A new government proposal would require banks to report deposits and withdrawals to the IRS. This invasion of our customers’ privacy could harm small businesses. #KeepMyBankingPrivate
- Washington wants to turn our bank into an arm of the IRS. Tell them this is a bad idea. #KeepMyBankingPrivate banklocally.org/privacy
- Join me in telling Washington to not let the IRS snoop through bank accounts. #KeepMyBankingPrivate banklocally.org/privacy
- 67% of voters oppose a proposal to require banks to report account details to the IRS. Tell Washington to #KeepMyBankingPrivate. banklocally.org/privacy
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Congress can’t salvage the IRS reporting proposal. Tell Washington its plan is unworkable and fundamentally flawed. #KeepMyBankingPrivate banklocally.org/privacy
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Congress can’t quell the public backlash to IRS reporting with a couple tweaks. Congress should reject it outright. #KeepMyBankingPrivate banklocally.org/privacy
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Tweaking the IRS reporting plan won’t address the IRS proposal’s privacy, due process, and data security concerns—Congress should reject it entirely. #KeepMyBankingPrivate banklocally.org/privacy
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Tweaking the IRS reporting plan would benefit few taxpayers while making the policy more difficult to implement. Congress must reject this misguided plan. #KeepMyBankingPrivate banklocally.org/privacy
For Customers
Proposed Social Posts:
- Proudly joining my community bank @XX in telling Congress to #KeepMyBankingPrivate banklocally.org/privacy
- @REPRESENTATIVEX please keep the IRS out of my bank account. #KeepMyBankingPrivate banklocally.org/privacy
- Glad my community bank @XX is fighting to protect my privacy. Congress should too. #KeepMyBankingPrivate banklocally.org/privacy
- A proposed bill could mean my bank will have to report my bank account information to the IRS. This is unacceptable. #KeepMyBankingPrivate banklocally.org/privacy
- I choose to #banklocally and to protect my financial privacy. Join me in telling Congress to keep it that way. #KeepMyBankingPrivate banklocally.org/privacy
- 67% of voters oppose a proposal to require banks to report account details to the IRS—including me. Washington, #KeepMyBankingPrivate. banklocally.org/privacy
- Mandated IRS bank account reporting is excessive government intrusion that would harm my small business. #KeepMyBankingPrivate banklocally.org/privacy
- Congress can’t end my opposition to IRS reporting with a couple tweaks. This misguided plan must be withdrawn. #KeepMyBankingPrivate banklocally.org/privacy
- Congress can’t salvage the IRS reporting proposal. This plan is unworkable and fundamentally flawed. #KeepMyBankingPrivate banklocally.org/privacy
- Tweaking the IRS reporting plan won’t address the IRS proposal’s privacy, due process, and data security concerns—Congress should reject it entirely. #KeepMyBankingPrivate banklocally.org/privacy
Why community banks must engage customers on new IRS reporting mandates
