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Sweeping Tax, Retirement Bill Released in House
ThinkAdvisor
Nov. 27, 2018
"The bill directs the IRS commissioner to submit a plan to restructure the agency, with a focus on boosting taxpayer service and cybersecurity, by Sept. 30, 2020.... [It also] includes provisions on multiple employer plans; pooled employer plans; rules relating to election of safe harbor 401(k) status; certain taxable non-tuition fellowship and stipend payments treated as compensation for IRA purposes; and repeal of maximum age for traditional IRA contributions."
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