Treasury: IRS to Aggressively Go After Abusive Bond Deals

Barnett, Susanna Duff
October 2004
Bond Buyer;10/26/2004, Vol. 350 Issue 31997, p4
Trade Publication
The article reports that U.S. Internal Revenue Service's tax-exempt bond office is aggressively going after abusive bond deals. The tax-exempt bond office, which is one of five offices in the tax-exempt and government entities division, has developed an enforcement program that actively identifies abusive deals. Transactions that may be abusive are referred either to the tax-exempt bond office's outreach, planning, and review office for consideration before being selected for an audit.


Related Articles

  • IRS Investigating Full Release of Tribal Deal FSA. McConnell, Alison L. // Bond Buyer;11/23/2005, Vol. 354 Issue 32265, p44 

    Reports on the investigation on the full release of Indian tribal bond financing, by the U.S. Internal Revenue Service. Existence of substantial litigating hazards in tax-exempt bond enforcement agents; Conditions for the qualification of Indian tribes as issuer of tax-exempt bond; Analysis on...

  • City's COPs Ruled Taxable Due to Yield-Burning Strategy. McConnell, Alison L. // Bond Buyer;10/11/2005, Vol. 354 Issue 32235, p4 

    Reports on the decision of the U.S. Internal Revenue Service (IRS) that the waste and wastewater certificates of participation issued by Santa Maria, California are taxable. Basis of the IRS decision; Citations of the type of bonds the certificate exhibit; Reason behind the issuance of the...

  • IRS to Review 501(c)(3) Bond Compliance.  // hfm (Healthcare Financial Management);Oct2005, Vol. 59 Issue 10, p10 

    The article focuses on the review of 501(c)(3) Bond compliance by the United States Internal Revenue Service. Bonds that were issued in 1995 and 1996 in the country will be reviewed. Changes in the private use of funds that exceed the limits permitted by law will be the focus of the program. The...

  • IRS: Issuer's CABs Would Be Tax-Free. Duff, Susanna // Bond Buyer;12/31/2002, Vol. 343 Issue 31543, p1 

    Reports on the U.S. Internal Revenue Service (IRS) ruling that an unidentified issuer can synthetically create tax-exempted capital appreciation bond (CAB). Benefits of the ruling to the issuer; Implications of the bond for start up firms; Comparison of CAB with conventional interest bonds;...

  • Shady Deal? Participants May Face IRS. Barnett, Susanna Duff // Bond Buyer;4/14/2004, Vol. 348 Issue 31862, p1 

    Reports on the investigation of the U.S. Internal Revenue Service on the tax-exempt bond transactions. Examination of the tax returns of participants of the deals; Focus of the agency on abusive bond transactions; Discovery of anomalies in bond transactions.

  • VCAP Gaining Popularity. Barnett, Susanna Duff // Bond Buyer;8/4/2004, Vol. 349 Issue 31940, p1 

    Reports on the rise in the number of requests made to the U.S. Internal Revenue Service's (IRS) tax-exempt bond division from issuers seeking to voluntarily resolve inadvertent errors on transactions. Number of voluntary agreements during four months in 2004; Voluntary compliance agreement...

  • IRS Audits May Follow Surveys. Schroeder, Peter // Bond Buyer;12/4/2008, Vol. 366 Issue 33016, p1 

    No abstract available.

  • Market to See `Lots of' Audits Unfolding Over the Summer. Kinnander, Ola // Bond Buyer;05/15/2000, Vol. 332 Issue 30891, p1 

    Reports on the expected unveiling of the results of United States Internal Revenue Service (IRS) audits of tax-exempt bond issues over summer 2000. Involvement of bonds issued primarily in solid waste, stadiums and 501(c)(3) organization; Issuance of results part of settlement agreements...

  • IRS Audits $25M Deal for Retirement Center in New Jersey. Barnett, Susanna Duff // Bond Buyer;3/18/2004, Vol. 347 Issue 31844, p5 

    Focuses on the audit of the tax-exempt bonds by the U.S. Internal Revenue Service from the Camden County Improvement Authority for possible violations of the private-activity bond rules. Worth of tax-exempt bonds issued by the authority; Requests for information related to the authority's...


Read the Article


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

Try another library?
Sign out of this library

Other Topics