TITLE

IRS Unveils Mediation Program for Tax-Exempt Audits

AUTHOR(S)
Ferris, Craig T.
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/4/2003, Vol. 344 Issue 31649, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The United States Internal Revenue Service (IRS) formally launched a pilot program on June 3, 2003, that is designed to speed up the resolution of tax-exempt bond audits. The program, formally termed the Tax Exempt Bond Mediation Dispute Resolution Pilot Program, uses services of trained mediators from the IRS Office of Appeals to help resolve factual disputes between bond issuers and the IRS. The program is optional, and both parties must agree to use mediation. An appeals officer with tax-exempt experience will serve as mediator, but bond issuers may also elect to use a non-IRS co-mediator at their own expense.
ACCESSION #
10014739

 

Related Articles

  • The IRS' Microscope. Kinnander, Ola // Bond Buyer;12/28/2000, Vol. 334 Issue 31046, p1 

    Reports on the United States Internal Revenue Service's efforts to look at all aspects of tax-exempt financing to measure compliance with the Internal Revenue Code. Allegations that bond issues are being sold in violation of the tax rules; Plans of the IRS enforcement division to proceed with...

  • IRS Rules on Allocation of Private Payments for Multi-Use Facility. Barnett, Susanna Duff // Bond Buyer;9/29/2004, Vol. 349 Issue 31979, p4 

    Reports on the rule of the U.S. Internal Revenue Service (IRS) on allocation of private payments for multipurpose facilities. Issues related to the tax-exempt status of bonds used to finance a portion of a city's multipurpose building; Statement of the IRS in response to the allocation of...

  • IRS: $300M Gulf Breeze, Fla., Issue May Be Deemed Taxable.  // Bond Buyer;8/28/2003, Vol. 345 Issue 31708, p1 

    Reports that the U.S. Internal Revenue Service (IRS) has warned Florida based financial company Gulf Breeze that a revenue pool bonds issued to it by the service could be declared taxable. Reason behind the warning by the IRS; Information on other loan pool transactions involving Gulf Breeze;...

  • Part III. Administrative, Procedural, and Miscellaneous.  // Internal Revenue Bulletin;7/28/2014, Vol. 2014 Issue 31, p249 

    The article presents updates regarding government revenue procedures as of July 28, 2014, on the corporate bond monthly yield curve, the 24-month average segment rates under the U.S. Internal Revenue Code, and guidance for the weighted average interest rates, yield curves, and segment rates. It...

  • IRS Planning To Examine 501 (c)(3) Debt. McConnell, Alison L. // Bond Buyer;7/14/2005, Vol. 353 Issue 32174, p1 

    Reports on the plan of the U.S. Internal Revenue Service (IRS) to launch its examination program for Section 501(c)(3) bond issues. Focusing on possible violations of private-use restrictions; Examining bond issues to measure issuer compliance with private-use regulations; Comments of Clifford...

  • IRS: No Settlement Options Once Appeals Fail. Newman, Emily // Bond Buyer;5/6/2005, Vol. 352 Issue 32127, p1 

    The article reports that according to Charles Anderson, manager of field operations for the U.S. Internal Revenue Service (IRS), the failure of two recent appeal attempts between the IRS and solid-waste bond issuers means the issuers have exhausted their settlement options and the IRS will begin...

  • Random Audit of San Antonio-Area School Bonds Closed With No Change. Schroeder, Peter // Bond Buyer;5/28/2009, Vol. 368 Issue 33122, p5 

    The article focuses on the disclosure of the Northside Independent School District regarding the random audit conducted by U.S. Internal Revenue Service (IRS) in San Antonio, Texas. The IRS has closed its random audit of $170 million of variable-rate bonds they sold in 2003, with no chance of...

  • IRS Auditing Bonds Issued by Colorado Authorities in 2007. Jagoda, Naomi // Bondbuyer.com;11/13/2014, p22 

    The article reports on the audit being conducted by the U.S. Internal Revenue Service on bonds sold in Colorado in 2007. The purpose of the audit is to determine the compliance of debt issuance with the federal tax requirements for qualified 501 (c) (3) non-hospital bonds. It includes 39.92...

  • ABA Panel Seeks IRS Guidance on Issue Price, BAB Questions. Schroeder, Peter // Bond Buyer;6/11/2009, Vol. 368 Issue 33130, p4 

    The article reports on the request of the American Bar Association (ABA) from the U.S. Internal Revenue Service (IRS). The committee of ABA on tax-exempt financing has requested priority guidance on municipal bonds from IRS. The guidance should include a definition for issue price and responses...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics