IRS: Major Audits to Come on Derivatives, 501 (c) (3) Deals

McConnell, Alison L.
May 2006
Bond Buyer;5/9/2006, Vol. 356 Issue 32377, p26
Trade Publication
The article reports on the United States Internal Revenue Service's (IRS) launch of two "significant" enforcement initiatives by early summer 2006. The IRS is also planning to revamp its operations manual and create a parallel voluntary closing agreement regime. According to agency official Steven Chamberlin, the tax-exempt bond office is planning to create a team of specialists and revenue agents to focus on Section 148 issues.


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