Scrutinizing 'Lease-to-Own' Deals
- IRS to Toughen Terms. McConnell, Alison L. // American Banker;2/24/2006, Vol. 171 Issue 37, Special section p1
This article describes the Internal Revenue Service's tax-exempt bond (TEB) office plans to further toughen its settlement standards in illegal arbitrage cases. IRS field manager Charles Anderson said that if the IRS were to continue with its current settlement strategies, practitioners would...
- IRS releases proposed tax-exempt bond audit guidelines. // hfm (Healthcare Financial Management);Oct95, Vol. 49 Issue 10, p6
Reports on the Internal Revenue Service's release of proposed tax-exempt bond audit guidelines as part of its enforcement initiative. Goals of the IRS guidelines; Terms of the guidelines.
- Housing Bonds Are Next. Kinnander, Ola // Bond Buyer;03/07/2001, Vol. 335 Issue 31091, p1
Reports that the United States Internal Revenue Service held a training session for its municipal bond enforcement agents to teach them the details of the housing bond market before the agency launches an in-depth audit in that area. Focus on single-family mortgage bonds and multifamily housing...
- tax-exempt bond compliance: what you should be doing. Kates, David J.; Womack, Steve // hfm (Healthcare Financial Management);Jul2010, Vol. 64 Issue 7, p92
The article offers strategies for borrowers on how to ensure tax-exempt bond compliance and to prevent an Internal Revenue Service (IRS) audit in the U.S. It highlights some important actions including developing a bond compliance policy and manual, establishing record-keeping procedures and...
- IRS ruling on academics could lead to charter school tax-exempt issuance. Stanton, Michael // Bond Buyer;10/15/97, Vol. 322 Issue 30252, p1
Reports that the US Internal Revenue Service has ruled that an educational academy is eligible to benefit from tax-exempt financing, which could clear the way for charter schools to sell tax-exempt bonds. Citing of private-letter rulings; Reactions from several bond lawyers on the ruling.
- Phannaceutical Finn's Wastewater Plant Didn't Break Rules. SCHROEDER, PETER // Bond Buyer;6/29/2010, Vol. 372 Issue 33341, p5
The article discusses the ruling of the U.S. Internal Revenue Service (IRS) that a wastewater plant built by a pharmaceutical company with exempt facility bonds does not violate tax laws.
- South Miami Settles With IRS Over Garage Debt. SIGO, SHELLY // Bond Buyer;8/22/2011, Vol. 377 Issue 33569, p4
The article reports on the settlement and agreement reached between South Miami and the Internal Revenue Service over prohibited uses of tax-exempt bond to construct a parking garage in 2011.
- Attorneys Testify on Tribal Bond Confusion. McConnell, Alison L. // Bond Buyer;5/24/2006, Vol. 356 Issue 32389, p1
This article reports that the attorneys and academics of the United States have stated that the U.S. Internal Revenue Service audits and ambiguities in the federal tax code continue to hamstring Indian tribal governments' efforts to finance capital needs. Senator Gordon Smith, chairman of the...
- IRS focus on tax-exempts could increase after reorganizing, official warns. Resnick, Amy B. // Bond Buyer;05/17/99, Vol. 328 Issue 30642, p39
Announces the plan of the United States Internal Revenue Service (IRS) to double the number of tax-exempt bond audits following the agency's reorganization. Effect of the reorganization on the IRS bond audit activity; Terms of the reorganization plans.