In a move that may or may not be related to the unusually large and complicated IRA held by presidential candidate Mitt Romney, the Treasury Department has launched an investigation of individual retirement accounts as a possible vehicle for tax evasion.
Reuters reports that a top IRS official sent a letter to Democratic leaders on Wednesday explaining that a probe has begun into the misuse of the IRA for tax-avoidance purposes.
Not coincidentally, there has been an increased focus in recent months on the massive IRA account held by Romney, who has admitted his own might hold as much as $101 million.
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