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Concerned that another round of problems with the Internal Revenue Service’s “automatic revocation process” for federal credit unions’ tax exemption is about to occur, four key credit union groups have written to the tax agency seeking action to head off the process.

In a letter from a law firm representing CUNA, NASCUS, CUNA Mutual Group and the American Association of Credit Union Leagues, the IRS was asked to confirm that steps are “being taken to prevent a significant re-occurrence of the automatic revocations for the federally chartered credit unions filing the Form 990-T.”

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