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IRS weighing All Savers Certificates tax implications
The IRS is reviewing the full range of investment programs linked to the tax free All Savers Certificates to see if they skirt congressional guidelines. Regulators warned that tying high yield, short term investments to the certificate could violate tax rules. Banks suspended bonus programs as the IRS study continues.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
IRS
Ellen Murphy
Savings and Loan
Savings and
Con
Treasury
Depository Institutions
Treasury Department
Marlin Fitzwater
Donald T. Regan
National Association of Realtors
National Savings and Loan League
Tax
National Association of Mutual Savings Banks