TITLE

Treasury: IRS to Aggressively Go After Abusive Bond Deals

AUTHOR(S)
Barnett, Susanna Duff
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/26/2004, Vol. 350 Issue 31997, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
14849117

 

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...

  • 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.

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

    The article reports on the plan of the tax-exempt bond (TEB) branch of the Internal Revenue Service (IRS) to conduct a survey on the post-compliance practice of government bond issuers in the U.S. TEB will start the surveys in January 2009, and might be delayed depending on the market...

  • IRS Contemplating Adding Tax-Exempt Bond Schedule to Its Form 990. McConnell, Alison L. // Bond Buyer;6/15/2007, Vol. 360 Issue 32651, p4 

    The article reports on the proposed plan of U.S. Internal Revenue Service (IRS) to add tax-exempt bond schedule to its Form 990. According to sources, the new schedule would require public charities and other tax-exempt groups to report data about private use of their bond-financed facilities...

  • Flurry of IRS Enforcement Disclosures Go On. McConnell, Alison L. // Bond Buyer;5/4/2006, Vol. 356 Issue 32374, p1 

    The article reports on the disclosures of United States Internal Revenue Service tax-exempt bond enforcement activity. Announcements were made in Arkansas, Illinois, Maryland, Washington and West Virginia. The Arkansas Development Finance Authority has sold series of bonds for Waste Management Inc.

  • Compliance Concerns. McConnell, Alison L. // Bond Buyer;6/14/2007, Vol. 360 Issue 32650, p1 

    The article reports on the provision of remedies to bond issuers by the U.S. Internal Revenue Service (IRS). According to Maxwell D. Solet, chairman of the panel that issued a report designed to assist government officials on the IRS Advisory Committee on Tax-Exempt and Government Entities, it...

  • TEB to Introduce Fast-Track Settlement Option. McConnell, Alison L. // Bond Buyer;7/13/2006, Vol. 357 Issue 32422, p4 

    The article reports that the tax-exempt bond (TEB) office of the U.S. Internal Revenue Service is formalizing a fasttrack settlement procedure that will allow for nonbinding closing-agreement negotiations between issuers, TEB staff and a neutral official from the agency's appeals division. The...

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