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IRS Restructuring and Reform Act of 1998

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IRS Restructuring and Reform Act of 1998
Legislation in the United States that made a number of changes to the Internal Revenue Code. Among other provisions, it lowered the length of time to hold an investment for capital gains treatment from 18 to 12 months. It also mandated a five-year term for the Commissioner of the IRS.


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EXECUTIVE SUMMARY * Since the IRS Restructuring and Reform Act of 1998, the IRS has reduced the percentage of field (i.
Congress responded by passing the IRS Restructuring and Reform Act of 1998.
PC: The Oversight Board was created by the IRS Restructuring and Reform Act of 1998.
 
 
 
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