Senate Finance Chairman Orrin Hatch (R-Utah) is asking the IRSto require federal credit unions to file annual information returnswith the agency in an effort to ensure that they are complying withthe role Congress gave them.

In a letter today to Acting IRS CommissionerDavid Kautter, Hatch said if the IRS chooses to require federalcredit unions to file Form 990, it could require just the largestand most complex to file.

And he made it clear that the IRS has the power to institutethis requirement now and does not need congressional approval to doit.

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