IRS: Issuers Should Avoid Controversies
- TABLE FFO-5. - Internal Revenue Receipts by State, 2004. // Treasury Bulletin;Dec2004, p21
Presents a chart depicting the budget receipts by state of the U.S. Internal Revenue Service for the fiscal year 2004.
- Can Refunding Be Private Activity? IRS to Propose Rules. Hume, Lynn // Bond Buyer;5/9/2003, Vol. 344 Issue 31632, p5
The U.S. Internal Revenue Service (IRS) is about to propose long-awaited rules that municipal issuers can use to determine whether their refunding bonds would be private-activity bonds, which would have higher coupons than governmental bonds and could be taxable, a Treasury official said as of...
- IRS slow to rule on acquisition financing. Jaklevic, Mary Chris // Modern Healthcare;12/11/2000, Vol. 30 Issue 51, p4
States that the initial ruling of the United States Internal Revenue Service (IRS) on merging hospital systems will be issued in the Fall of 2001. Remarks from Mark Scott, director of the IRS' tax-exempt bond unit; Identification of issues that the director pointed out under review.
- Scott Wants More IRS Agents in 2005; Abuse Cases Growing. Barnett, Susanna Duff // Bond Buyer;2/2/2004, Vol. 347 Issue 31812, p5
Reports on the proposal of Internal Revenue Service's tax-exempt bond division director Mark Scott to increase the number of enforcement field agents assigned to municipal bond in the U.S. Investigation of the increasing number of abusive transactions; Assessment of tax revenue anticipation...
- The Eternal Triangle: The IRS, The Issuers and The Bondholders. // Municipal Finance Journal;Winter2001, Vol. 22 Issue 4, p30
Presents the text of a speech given by Mark Scott, director of tax-exempt bonds at the U.S. Internal Revenue Service (IRS), during the National Federation of Municipal Analysts Conference on May 11, 2001, about the proposals that help rationalize and clarify interactions among bond insurers,...
- IRS Makes Players a New Offer. Kinnander, Ola // Bond Buyer;05/07/2001, Vol. 336 Issue 31133, p1
Focuses on the offer made by Mark Scott, the United States Internal Revenue Service's national director for tax-exempt bonds, to give issuers, investors, and conduit borrowers the opportunity to resolve pending bond audits in court at a much earlier stage. Necessary steps to allow an adverse...
- Scott of the Muni Market. Kinnander, Ola // Bond Buyer;06/16/2000, Vol. 332 Issue 30914, p1
Focuses on the achievements of Mark Scott as United States Internal Revenue Service's first national director for tax-exempt bonds. Goal of sharpening the agency's enforcement and outreach efforts; Expansion of the agency's efforts to educate municipalities about the rules when they sell bonds;...
- IRS Targeting Arbitrage. Barnett, Susanna Duff // Bond Buyer;12/23/2003, Vol. 346 Issue 31787, p1
Reports on U.S. Internal Revenue Service tax-exempt bond division director Mark Scott's plans for and outlook on tax enforcement in 2004. Reduction in the size of the division; Intention by the division to devote more time to abusive arbitrage practices; Voluntary compliance agreement program;...
- IRS Chief Counsel Blasted for Favorable Ruling on Total Return Swaps. Hume, Lynn // Bond Buyer;9/22/2015, Vol. 1 Issue 34381, p1
Former Internal Revenue Service director Mark Scott is urging the IRS to revoke a private-letter ruling that was favorable for a total return swap, arguing that TRS' are "[arbitrage scheme[s]" that have "resulted in hundreds of millions of dollars of illegal tax benefits being stolen."