IRS Could Be Leaning Toward Allowing 13-Month Tran Deals

Kinnander, Ola
June 2001
Bond Buyer;06/01/2001, Vol. 336 Issue 31151, p1
Trade Publication
Reports on the United States Internal Revenue Service's (IRS) plan to discourage the market from accepting maturities beyond 13 months. Concern of the IRS that some tax-exempt Tax Revenue Anticipation Notes (Tran) are outstanding longer than necessary; IRS' launch of an audit of 15-month Tran deals in California.


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