TEB to Introduce Fast-Track Settlement Option

McConnell, Alison L.
July 2006
Bond Buyer;7/13/2006, Vol. 357 Issue 32422, p4
Trade Publication
The article reports that the tax-exempt bond (TEB) office of the U.S. Internal Revenue Service is formalizing a fasttrack settlement procedure that will allow for nonbinding closing-agreement negotiations between issuers, TEB staff and a neutral official from the agency's appeals division. The program would also allow issuers and TEB personnel to agree on terms that would become part of a formal settlement within 120 days.


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