IRS to step up enforcement of IRA rules

IRS to step up enforcement of IRA rules
The Internal Revenue Service plans to keep a closer watch on individual retirement account contributions and withdrawals after a government report found its enforcement efforts to be lax. IRA holders could face penalties for violating the rules. “It’s a wake-up call for anyone who has an IRA,” says Martin Censor of the American Institute of Certified Public Accountants. The Wall Street Journal (6/22)


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