NABL asks IRS to match tax law penalties with violations

Resnick, Amy B.
March 1999
Bond Buyer;03/09/99, Vol. 327 Issue 30594, p4
Trade Publication
Reports on the National Association of Bond Lawyers' (NABL) call for the United States Internal Revenue Service (IRS) to match the penalty for violating tax laws governing issuance of tax-exempt bonds. Features of comments filed by the NABL on the agency's proposed guidelines for bond issuers' appeals of determinations of taxability; Call for the IRS to be more specific when drafting the final appeals guidelines.


Related Articles

  • TBMA Likes Premise of NABL Letter. Hume, Lynn // Bond Buyer;02/08/2001, Vol. 335 Issue 31073, p1 

    Reports on the National Association of Bond Lawyers' proposal that the United States Internal Revenue Service (IRS) re-orient its tax-exempt bond enforcement program to ensure that innocent bondholders are not penalized for tax-law violations. Bond Market Association's support to the proposal;...

  • Worries Over Changes to 15c2-12. Ackerman, Andrew // Bond Buyer;7/20/2009, Vol. 369 Issue 33151, p1 

    The article reports on the concerns of bond lawyers on the proposals of the U.S. Securities and Exchange Commission (SEC) in requiring issuers to reveal their tax issues related to their bonds after they received an Internal Revenue Service (IRS) form in 2009 in the U.S. It states that the...

  • NABL Seeks Guidance Projects on Reissuance, Issue Price. Jagoda, Naomi // Bondbuyer.com;4/10/2015, p14 

    The article presents the 2015-2015 priority guidance plan of the U.S. Treasury Department and the Internal Revenue Service (IRS). Topics discussed include recommendations of the National Association of Bond Lawyers through its president Antonio Martini sent to the IRS on April 9, 2015 such as...

  • Bond Lawyers Urge IRS to Disclose Yield-Burning Settlement Terms. Kinnander, Ola // Bond Buyer;12/5/2001, Vol. 338 Issue 31278, p44 

    Reports on bond lawyers' proposal to the U.S. Internal Revenue Services to publish the terms of global yield-burning settlement in 2000. Advantages of the terms for bond lawyers; Meaning of yield burning deals; Punishment for underwriters not willing to settle yield-burning charges.

  • Tax-exempts gain focus. Resnick, Amy B. // Bond Buyer;04/21/99, Vol. 328 Issue 30624, p1 

    Highlights a preliminary blueprint for the reorganization of the United States Internal Revenue Service (IRS) which would give more focus on tax-exempt bonds. Establishment of a tax-exempt operating division; Significant increase in the number of people and agents that would focus solely on bonds.

  • IRS: Utility Can Demolish Facilities Without Harming Bonds' Status. HUME, LYNN // Bond Buyer;3/24/2011, Vol. 375 Issue 33488, p5 

    The article reports on the ruling of the U.S. Internal Revenue Service (IRS) on the right of an investor-owned utility to demolish bond-financed pollution control facilities without jeopardizing the tax-exempt status of the bonds or its interest deductions related to the debt.

  • IRS Gets a Private Letter. Kinnander, Ola // Bond Buyer;01/11/2001, Vol. 335 Issue 31055, p1 

    Reports on the plans by the United States Internal Revenue Service (IRS) to launch the Tax-Exempt Advisory Committee to recommend changes to tax-exempt bond areas. Overhaul of the private-letter ruling process in tax exemptions; Basis of establishing the provisions for the exemptions according...

  • Ex-IRS official urges appeal rights for issuers on questions of taxability. Resnick, Amy B.; Hume, Lynn Stevens // Bond Buyer;03/06/98, Vol. 323 Issue 30345, p1 

    Reports on former US Internal Revenue Service (IRS) insider Michael G. Bailey's proposal that municipal bond issuers should be allowed to appeal when the IRS determines their bonds are taxable. Legislative basis of Bailey's proposal; Bailey's advocacy for a legislation that enables the IRS to...

  • IRS Sees Arbitrage Gain In Workout of Dirt Bonds. Kinnander, Ola // Bond Buyer;09/06/2000, Vol. 333 Issue 30969, p1 

    Reports on the United States Internal Revenue Service's (IRS) issuance of a field service advice memo stating its refusal to tax-exempt bonds that are backed by Treasury securities. Intent of the IRS to crack down on unusual bond transactions that are inconsistent with revenue procedures; Cases...


Read the Article


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

Try another library?
Sign out of this library

Other Topics