Eh hem...
(media.greatawakening.win)
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For those who think this is for TRANSACTIONS $600 and over, IT IS NOT.
This requirement to report ALL withdrawals and deposits to the IRS would apply to all accounts "worth more than $600".
That means if you deposit $1000 to pay your mortgage, your account is now "worth more than $600", and ALL DEPOSITS AND WITHDRAWALS WOULD BE REPORTED TO THE IRS.