TITLE

IRS Planning Audit Sweep of SLGS Rollovers in 100 Municipal Issues

AUTHOR(S)
Barnett, Susanna Duff
PUB. DATE
April 2004
SOURCE
Bond Buyer;4/23/2004, Vol. 348 Issue 31869, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Focuses on the plan of the U.S. Internal Revenue Service (IRS) to launch an audit targeting a type of arbitrage violation occurring when issuers advance refund tax-exempt municipal bonds. Number of issue to be examine by IRS; Implication for failure of trustees to consolidate investment yields of the securities in advance refunding agreement.
ACCESSION #
12911588

 

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