TITLE

Treasury, IRS Still Mulling Comments on Circular 230 Proposal

AUTHOR(S)
Duff Barnett, Susanna
PUB. DATE
November 2004
SOURCE
Bond Buyer;11/16/2004, Vol. 350 Issue 32011, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the U.S. Treasury Department and Internal Revenue Service officials are still reviewing comments from the tax-exempt bond community on the government's proposal to subject tax-exempt bond opinions to the same rules as tax-shelter opinions, an IRS official said. Though Treasury was expected to finalize the rules under Circular 230 this summer, officials have not yet made a final decision on how to treat tax-exempt bond opinions, said Stephen Whitlock, deputy director of the IRS's Office of Professional Responsibility. He did not say when the final rules would be published.
ACCESSION #
15113007

 

Related Articles

  • IRS Notice 2006-65 - New Disclosure Rules and Penalties for Prohibited Tax Shelter Transactions Involving Tax-Exempt Entities. Kahn, David O.; Kim, Julian Y. // Venulex Legal Summaries;2006 Q3, p1 

    The article reports on the Notice 2006-65, highlighting new laws enacted as part of the Tax Increase Prevention and Reconciliation Act of 2005 that require tax exempt entities to disclose their participation in prohibited tax shelter transactions, released by the U.S. Treasury Department and the...

  • IRS Poses Issue Price, Other Rules. HUME, LYNN // Bond Buyer;9/16/2013, Vol. 385 Issue 33979, p1 

    The article informs that the U.S. Department of Treasury and U.S. Internal Revenue Service (IRS) have proposed rules on arbitrage restrictions for tax-exempt bonds, including issue prices. It informs that the rules are scheduled to be the focus of a public hearing that is to be held on February...

  • Housing Group Seeks TEFRA, Record-Retention Guidance. DEPAUL, JENNIFER // Bond Buyer;8/7/2013, Vol. 385 Issue 33958, p4 

    The article informs that the organization National Council of State Housing Agencies is requesting the U.S. Internal Revenue Service and the U.S. Treasury Department to include guidance on the issues related to tax-exempt bonds and low-income housing tax credit in the priority list for 2013-2014.

  • IRS Open to Re-Proposal Of Rules. FALLOR, EVAN // Bond Buyer;10/25/2016, Vol. 1 Issue 34600, p1 

    The article reports that the U.S. Treasury Department and Internal Revenue Service (IRS) may rethink the controversial political subdivision rules. IRS officials found that some developers created political subdivisions and issued tax-exempt bonds in part for their own benefit. IRS and Treasury...

  • Participants Seek Treasury Guidance on Recent Tax Packages. McConnell, Alison L. // Bond Buyer;11/3/2006, Vol. 358 Issue 32501, p4 

    The article focuses on the recommendations of bond lawyer Mitchell Bragin concerning the technical application of the Gulf Opportunity Zone Act in the U.S. Mitchell suggested changes to the two recently enacted tax packages to tax-exempt bonds. It was believed that the changes would make it...

  • Taxpayers May Have to Report Tax Patent Strategies. McConnell, Alison L. // Bond Buyer;8/28/2012, Vol. 121 Issue 33772, p1 

    The article presents information on the strategies provided by the taxpayers regarding patent tax with respect to the role of the Internal Revenue Service of the U.S. The advice regarding the strategies on patent tax is provided by the issuers and practitioners of tax-exempt bonds. Information...

  • Taxpayers May Have to Report Tax Patent Strategies. McConnell, Alison L. // Bond Buyer;8/29/2012, Vol. 121 Issue 33773, p1 

    The article presents information on the strategies provided by the taxpayers regarding patent tax with respect to the role of the Internal Revenue Service of the U.S. The advice regarding the strategies on patent tax is provided by the issuers and practitioners of tax-exempt bonds. Information...

  • IRS Issues Regulations for Charitable Remainder Trusts. Cohn, Michael // Accountingtoday.com;8/14/2015, p1 

    The Internal Revenue Service has issued final regulations for basis in interests in tax-exempt charitable remainder trusts to safeguard against their use as illegal tax shelters.ü

  • Circular 230, QZABs Highlight Priority Guidance Plan. McConnell, Alison L. // Bond Buyer;8/10/2005, Vol. 353 Issue 32193, p5 

    Reports on the tax-exempt bond regulations listed on the 2005-2006 Priority Guidance Plan of the U.S. Department of the Treasury. Release of the plan by the Treasury and the Internal Revenue Service; Expectation of Treasury officials to issue several sets of final regulations on topics such as...

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