Well here we go:
“ The Biden administration has made clear its plan to beef up IRS auditing by expanding the agency's funding and power. Biden's latest proposal would require banks to turn over to the Internal Revenue Service bank account information for all accounts holding more than $600.”
“Biden proposed giving an extra $80 billion to the IRS earlier this year for auditing, saying the agency would more than make back those funds.”
https://justthenews.com/nation/states/irs-would-track-all-bank-transactions-over-600-under-biden-plan-businesses-revolt