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GAO Report: Individual Retirement Accounts -- IRS Could Better Inform Taxpayers About and Detect Noncompliance Related to Unconventional Assets
U.S. Government Accountability Office [GAO] 
Feb. 27, 2020 "IRS Publications 590-A and B offer guidance to taxpayers with IRAs, but details on unconventional assets are limited. For example, investing in some types of bullion is permitted, but storage requirements are not explained. [GAO] recommended that IRS assess its options -- like directing IRA owners to webpages with specialized information and technical regulations -- to help taxpayers fully understand the rules on unconventional assets." [GAO-20-210, pub. Jan 27, 2020, released Feb. 26, 2020] MORE >> |
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