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IRS Probes All Savers Certificates Tax Status
The IRS reviews investment packages tied to the All Savers Certificates to ensure they meet congressional guidelines. Regulators warn savers risk losing tax benefits if packages funnel funds into higher yielding instruments. Regulations expected from the DIDC amid IRS concerns over treatment as a single transaction.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
IRS
Savings and Loan
Savings and Loans
Congress
Treasury
Depository Institutions
Treasury Department
Marlin Fitzwater