Gannett: IRS to Delay Nonprofit Bond Examinations Until After July 31

Hume, Lynn
May 2006
Bond Buyer;5/12/2006, Vol. 356 Issue 32380, p5
Trade Publication
The article reports that Washington Internal Revenue Service (IRS) plans to delay nonprofit bond examinations until after July 31, 2006. IRS will delay the start of an examination of bond transactions to give issuers and borrowers whose deals are not in compliance with tax laws and rules the opportunity to come in and try to negotiate voluntary closing agreements with the IRS.


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