TITLE

Fargo Fights Allegations

AUTHOR(S)
McConnell, Alison L.
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/2/2006, Vol. 356 Issue 32372, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the response of the city official in Fargo, North Dakota on the allegations of the U.S. Internal Revenue Services (IRS). The IRS said that the city's bond transactions for restructuring of its debt is taxable. However, the city attorney has claimed that the city is unaware of the benefit from an intricate financing structure contrary to the allegations of the IRS.
ACCESSION #
20944739

 

Related Articles

  • S corporations and IRC sec. 1244 stock. Colburn, Steven C. // CPA Journal;Aug94, Vol. 64 Issue 8, p48 

    Presents the tax treatment of Internal Revenue Code (IRC) Section 1244 stocks issued to S corporations. Requirements for stocks to qualify as IRC Section 1244 stocks; Loss treatment on IRC Section 1244 stock issued to shareholders of an S corporation; Tax Court's decision on the case `Virgil D....

  • Two Capital Trust Multifamily Deals May Be Taxable, IRS Says. Duff, Susanna // Bond Buyer;1/9/2003, Vol. 343 Issue 31549, p1 

    Reports that the U.S. Internal Revenue Service (IRS) has made a decision that two bond issues totaling $350 million, sold by the Capital Trust Agency, for multifamily housing projects could be declared taxable. Deals to which notices were sent by the IRS regarding taxation; Bond issue involving...

  • IRS Throws The Book at TEFRA Pools. Duff, Susanna // Bond Buyer;12/23/2002, Vol. 342 Issue 31538, p1 

    Reports on the issuance of adverse determination letters by the U.S. Internal Revenue Service (IRS) on possible declaration of pool bond issues using a telephone book, Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) structure. List of the companies to whom the letters have been issued;...

  • 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: San Diego Agency's Lease-to-Own Debt May Be Taxable. McConnell, Alison L. // Bond Buyer;2/28/2007, Vol. 359 Issue 32577, p35 

    The article reports on the potential of lease-to-own bonds' earned interest of the San Diego Area Housing and Finance Agency to be taxable based on the ruling of the U.S. Internal Revenue Service (IRS). The Agency is included in the IRS investigation of 22 transactions for problems such as...

  • IRS Declares Pima County, Ariz., IDA's Lease-to-Own Bonds Taxable. McConnell, Alison L. // Bond Buyer;4/18/2007, Vol. 360 Issue 32610, p5 

    The article reports that the Pima County Industrial Development Authority (IDA) in Arizona announced that the Internal Revenue Service (IRS) has declared its lease-to-own bonds taxable. The Pima County IDA's announcement comes after New Mexico's Region III Housing Authority revealed that the IRS...

  • City's COPs Ruled Taxable Due to Yield-Burning Strategy. McConnell, Alison L. // Bond Buyer;10/11/2005, Vol. 354 Issue 32235, p4 

    Reports on the decision of the U.S. Internal Revenue Service (IRS) that the waste and wastewater certificates of participation issued by Santa Maria, California are taxable. Basis of the IRS decision; Citations of the type of bonds the certificate exhibit; Reason behind the issuance of the...

  • Maine Town's Solid-Waste Revenue Bonds Under IRS Review. McConnell, Alison L. // Bond Buyer;11/20/2006, Vol. 358 Issue 32512, p4 

    The article reports on the concern of the U.S. Internal Revenue Service (IRS) on the taxability of Series 2004 solid-waste disposal revenue bonds in Maine. The agency believes interest earned on $22.3 million of disposal revenue bonds. The bonds were sold in conjunction with a Georgia-Pacific...

  • 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.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics