NABL, TBMA Want Proposed Circular 230 Amendments Clarified

Newman, Emily
March 2005
Bond Buyer;3/2/2005, Vol. 351 Issue 32081, p4
Trade Publication
The article reports that the National Association of Bond Lawyers and The Bond Market Association (TBMA) asked the U.S. Treasury Department and the Internal Revenue Service yesterday to clarify some of the key proposed amendments to Circular 230 that would require municipal bond lawyers to detail in writing the tax rationale underlying their bond opinions. TBMA said proposed changes to Circular 230 that would require practitioners to develop separate written advice to identify significant federal tax issues involved in a bond offering would disrupt the market.


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