IRS monitoring $600 accounts likely to snare small businesses, under-the-table workers

FILE - In this March 22, 2013, file photo, the exterior of the Internal Revenue Service (IRS) building is seen in Washington. On Friday, Oct. 15, The Associated Press reported on stories circulating online incorrectly claiming a new tax policy allows the IRS to “monitor all transactions involving bank accounts worth more than $600.” (AP Photo/Susan Walsh, File)