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General government: Individual Retirement Accounts (2020-07)

The Internal Revenue Service should establish a formal collaborative mechanism with the Department of Labor to better manage fragmented efforts and enhance compliance for certain individual retirement accounts that engaged in prohibited transactions, and thereby potentially increase revenues by millions of dollars.

Year Identified: 2020
Area Number: 7
Area Type: Fragmentation, Overlap & Duplication

5 Total Action(s)

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