TITLE

IRS Suggests Private-Letter Rulings to Casino-Building Tribes

AUTHOR(S)
Sigo, Shelly
PUB. DATE
May 2004
SOURCE
Bond Buyer;5/14/2004, Vol. 348 Issue 31884, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the U.S. Internal Revenue Service has cautioned tribes to get a private-letter ruling first before building hotel and casino complexes. Use of tax-exempt bonds to build Seminole's second hotel and casino complex in South Florida; Federal tax code limiting the cost of issuance for qualified private-activity bonds; Controversy concerning the tribal use of tax-exempt debt for casinos.
ACCESSION #
13127254

 

Related Articles

  • INCOME OR LIABILITY: HOW CASINOS' CLASSIFICATION OF OUTSTANDING CHIPS DETERMINE TAXABILITY. Bulloch, John // UNLV Gaming Law Journal;Spring2014, Vol. 5 Issue 1, p121 

    The article discusses the issues presented by casinos' classification of cash on hand from chip recipients as compared to U.S. Internal Revenue Service's (IRS) desired classification of the same transaction. Topics include the casinos' accounting process, how the casinos record the exchange of...

  • IRS Tip Sheet on Gambling Income and Losses.  // Hudson Valley Business Journal;9/8/2014, Vol. 3 Issue 31, p4 

    The article offers tax tips for gamblers in the U.S. These tips include determining one's income from gambling that includes winnings from horse racing and casinos, accomplishing the payer tax form from the Internal Revenue Service, and reporting all winnings as income on the firm. It notes that...

  • In Rare Case Washington State Issues Debt to Settle With IRS. Kinnander, Ola // Bond Buyer;12/21/2000, Vol. 334 Issue 31042, p1 

    Reports on Washington State's decision to sell taxable bonds to raise money for a fine it has to pay the United States Internal Revenue Service. Washington's tax violations on three tax-exempt bond issues sold in the early 1990s; Bond issues sold by Washington in 1993.

  • IRS Keeps Maryland Agency's '02 Bonds Tax-Exempt. Schroeder, Peter // Bond Buyer;8/6/2008, Vol. 365 Issue 32934, p6 

    The article reports on the closure of auditing the $39.3 million of revenue bonds issued by the Maryland Health and Higher Educational Facilities Authority in 2002. The U.S. Internal Revenue Service has closed the arbitrage rebate-related examination without changing the authority's tax-exempt...

  • An issue worth commenting on. Anderer, Charles // Casino Journal;May2015, Vol. 28 Issue 5, p62 

    The article reports on a proposal of the U.S. Internal Revenue Service (IRS) to adjust the threshold for reporting casino winnings in 2015. A response from Brian Decorah, senior vice president of Battle Creek, Michigan-based Firekeepers Casino Hotel, regarding how the proposal could affect the...

  • Groups: Simplify Rules for Mixed-Use Facilities. McConell, Alison L. // Bond Buyer;12/28/2006, Vol. 358 Issue 32539, p4 

    The article reports on the proposed allocation and accounting regulations issued by the United States Internal Revenue Service and the Treasury Department. According to industry groups the proposed regulations could be simplified to ease the compliance burden of issuers and bond counsel. The...

  • Flipping and the IRS. Hume, Lynn // Bond Buyer;10/21/2005, Vol. 354 Issue 32243, p1 

    Reports that underwriters that flip new bonds in the municipal market may have no idea whether they are violating an Internal Revenue Service pricing rule in the U.S. Option of the institutional investor to sell the bonds to regional dealers after it purchased them from the underwriter;...

  • IRS Puts Ky. County Under Microscope Again. McConnell, Alison L. // Bond Buyer;3/24/2006, Vol. 355 Issue 32346, p5 

    The article reports on the audit conducted by the U.S. International Revenue Service (IRS) for the second time in Pendleton County, Kentucky. The audit follows an examination of Series 1993 bonds that financed a bond pool for the state's counties. IRS has audited several Kentucky blind pool for...

  • IRS' Charles Anderson to Retire From TEB Office Jan. 4. McConnell, Alison L. // Bond Buyer;11/9/2006, Vol. 358 Issue 32505, p48 

    The article reports on the resignation of Charles Anderson, field manager of the U.S. Internal Revenue Service's tax-exempt bond office. He had been in the agency for 33 years managing mainly the field operations of the office. His entry to the company in early 2000 contributed to its growth...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics