Voluntary Compliance Program Has Them Confessing to the IRS

Duff, Susanna
June 2003
Bond Buyer;6/3/2003, Vol. 344 Issue 31648, p1
Trade Publication
This article focuses on the efficacy of Voluntary Compliance on Alien Withholding Program in the U.S. An increasing number of issuers are approaching the U.S. Internal Revenue Service (IRS) to tell the agency when they may have done something to put their tax-exempt bonds in jeopardy of being declared taxable. The IRS hopes that more tax attorneys will adopt that approach. It has devoted numerous hours to promote the program at conferences and other municipal bond meetings.


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