IRS to Audit Seminole Tribe of Florida's $124 Million of Tax-Exempt Bonds

Newman, Emily
February 2005
Bond Buyer;2/3/2005, Vol. 351 Issue 32063, p4
Trade Publication
The Internal Revenue Service is planning to expand its examination into bonds issued by the Capital Trust Agency and the Seminole Tribe of Florida by opening an audit into $124 million of interest on tax-exempt bonds is sued in 2003 and 2004, according to a material event notice posted by Capital Trust on the nationally recognized municipal securities information repositories yesterday. The material event notice said that the IRS "has requested the authority to open an examination into $74 million 2003 bonds and the $50 million 2004 notes," which were issued by the Capital Trust Agency, which serves as a conduit issuer.


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