Panel: IRS Should Be Allowed to Disclose Audit Data
- IRS Auditing Minnesota BAB Issue. Jagoda, Naomi // Bondbuyer.com;9/9/2015, p23
The article reports that the U.S. Internal Revenue Service has decided to audit 91 million U.S. dollars of Build America Bonds (BAB) issued by the Minnesota Public Facilities Authority in fall 2010, and cites the finance team of the bonds, including Bank of America Merrill Lynch as the underwriter.
- Treasury: IRS Division Should Focus More on High-Risk Deals. McConnell, Alison L. // Bond Buyer;10/5/2005, Vol. 354 Issue 32232, p1
Reports on the need for the U.S. Internal Revenue Service (IRS) to work harder to target bonds with a high risk of noncompliance for audits and misconduct examinations in order to increase its productivity and improve compliance in the municipal sector. Lapses found in the IRS tax-exempt bond...
- 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...
- IRS Gives Multi-Family Housing Issuer a Break. Kinnander, Ola // Bond Buyer;09/06/2000, Vol. 333 Issue 30969, p5
Reports on the United States Internal Revenue Service's granting of a tax break to a multi-family housing issuer. Refusal of the agency to identify the issue or any of the parties involved in the transaction; Emergence of a problem from an erroneous communication between the bank and the...
- Appeals can override TAMs. Resnick, Amy B. // Bond Buyer;02/12/99, Vol. 327 Issue 30578, p1
Reports on the director of the United States Internal Revenue Service (IRS) Office of Alternative Dispute Resolution, Thomas C. Loutham's disclosure of the agency's authority to rule in favor of bond issuers in a dispute over the taxability of bonds, during the National Association of Bond...