Yikes! This can't be true, can it?

Yellen defends IRS rule requiring banks to report all transactions over $600

Granted, the New York Post is not the most, ahem, unbiased of all possible news sources, but is this"IRS rule" for real?

And what is a "transaction"? Is depositing a paycheck a banking transaction? Buying and iPhone with a debit card? Paying taxes?

Six hundred dollars? Look, I'm all for following the money but this is a little silly, isn't it?

If it's true…