IRS May Update Regulations for ESOPs, IRAs, Officials Say

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Internal Revenue Service teams are taking a comprehensive look at updating regulations dealing with employee stock ownership plans, individual retirement accounts, and rules under tax code Section 411, IRS officials say. Monika A. Templeman, director of employee plans examinations at IRS, and Ingrid Grinde, acting manager of employee plans technical guidance and quality assurance at IRS, give no timetable for the projects.