IRS Broadens Scope of New Penalty Plan

Kinnander, Ola
April 2001
Bond Buyer;04/11/2001, Vol. 336 Issue 31116, p1
Trade Publication
Reports the expansion of the Internal Revenue formal penalty system scope for minor tax law violations by tax-exempt bond issuers in the United States. Purpose of intermediate sanctions; Penalties for the creation of sinking funds by issuers; Sanctions for violations of the Tax Equity and Fiscal Responsibility Act of 1982.


Related Articles

  • Possible employer penalty reduction.  // Practical Accountant;Aug99, Vol. 32 Issue 8, p17 

    Reports on the possibility of penalty reduction for United States businesses that were penalized by making untimely federal employment tax deposits during the first quarter of 1999. Tax law changes applying to such deposits after January 18, 1999.

  • Archer's proposed tax cut will probably not affect munis. Resnick, Amy B. // Bond Buyer;09/15/98, Vol. 325 Issue 30478, p4 

    Reports on United States House Ways and Means Committee Chairman Bill Archer's unveiling of a plan to cut taxes for families, farmers, and the self-employed that observers say will have little or no impact on the municipal bond market. Details of Archer's proposal; Increase in the standard...

  • IRS Preliminarily Rules Camden County, N.J., Debt Taxable. McConnell, Alison L. // Bond Buyer;3/7/2006, Vol. 355 Issue 32333, p5 

    The article focuses on the initial findings of the Internal Revenue Services (IRS) on the sale of redevelopment revenue bonds of Camden County Improvement Authority (CCIA) in New Jersey. IRS determined that the 25 million dollars of redevelopment revenue bonds sold in 1999 by the authority is...

  • The Proposition 82 Effect. Cohen, Jackie // Bond Buyer;5/31/2006, Vol. 356 Issue 32392, p1 

    The article presents information on the effect of Proposition 82 on the bond market in California. If the voters approve it there can be some increased demand from the wealthiest investors in the bond market. This would impose around 1.7% surtax on taxable annual incomes with a variation in the...

  • THE BOND BUYER LEGISLATIVE STATUS REPORT.  // Bond Buyer;10/18/2004, Vol. 350 Issue 31991, p34 

    Reports on the status of legislation affecting the bond market in the United States. Tax relief for working families; Water quality financing act; Emergency securities response.

  • Conference for Tax Reconciliation Package Pushed Back Until April. McConnell, Alison L. // Bond Buyer;3/9/2006, Vol. 355 Issue 32335, p7 

    The article reports on the delay of congressional action on tax reconciliation legislation, which could potentially affect several sectors of the municipal bond market until April 2006 in the United States. According to Senate Finance Committee chairman Charles Grassley, the pension reform bill...

  • Some Colorado Issuers Already Feel the Brunt of Tax Cut Plan. Preston, Darrell // Bond Buyer;06/01/2000, Vol. 332 Issue 30903, p4 

    Cites the proposed TaxCut 2000 Amendment to the Colorado constitution and its implications for local issuers. Hindrance to issuers' access to the municipal bond market; Review of debt issues in light of the potential impact of the proposed amendment; Difficulty in lining up insurance for...

  • Groups urge Senate to pass tax bill easing bond curbs. Hume, Lynn Stevens // Bond Buyer;10/01/98, Vol. 326 Issue 30490, p4 

    Reports that several state, local, and bond market groups are urging the United States Senate to pass tax-cut legislation that would raise the private activity bond cap and ease arbitrage rebate restrictions for school bonds. Tax-exempt bond provisions in the pending Taxpayer Relief Act of...

  • Budget plan includes increase in private-activity bond cap. Resnick, Amy B.; Kinnander, Ola // Bond Buyer;10/16/98, Vol. 326 Issue 30501, p1 

    Reports on the increase in the private-activity bond volume cap included in the budget package agreement by congressional leaders and the Clinton administration. Provisions on the increases in cap; Cost to the federal government; Actions on other administration-backed tax provisions.


Read the Article


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

Try another library?
Sign out of this library

Other Topics