Ex-IRS official urges appeal rights for issuers on questions of taxability
- 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...
- 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...
- NABL asks IRS to match tax law penalties with violations. Resnick, Amy B. // Bond Buyer;03/09/99, Vol. 327 Issue 30594, p4
Reports on the National Association of Bond Lawyers' (NABL) call for the United States Internal Revenue Service (IRS) to match the penalty for violating tax laws governing issuance of tax-exempt bonds. Features of comments filed by the NABL on the agency's proposed guidelines for bond issuers'...
- IRS sets June target to publish final issuer appeal rules. Resnick, Amy B. // Bond Buyer;05/04/99, Vol. 328 Issue 30633, p4
Reports that the United States Internal Revenue Service plans to publish by June 1999 its final guidelines for issuer appeals of determinations that bonds are taxable. Comments on the proposed guidelines; Issuance of a technical advice memorandum that favors the IRS; How the bond appeals will work.
- IRS lawyers: Solid-waste TAM doesn't indicate new policy. Resnick, Amy B. // Bond Buyer;05/12/99, Vol. 328 Issue 30639, p4
Focuses on the taxability of the solid-waste revenue bond issue in Becker, Minnesota in 1994 according to a ruling by the lawyers of the United States Internal Revenue Service (IRS). Details of the technical advice memorandum (TAM) released by IRS lawyers; Basis of the ruling in question.