Zero-Coupon Cases Reach Penalty Time

Kinnander, Ola
July 2001
Bond Buyer;7/11/2001, Vol. 337 Issue 31178, p1
Trade Publication
Reports on the United States Internal Revenue Service's (IRS) plan to start pursuing fraud penalties against various transaction participants involved in zero-coupon bond deals. UBS PaineWebber Inc.'s attempt to reach a 'global settlement' with the IRS; Plans of the agency to apply penalties under the tax code's section 6700.


Related Articles

  • IRS Sends Tax Bills To Some Muni Holders. Kinnander, Ola // Bond Buyer;09/08/2000, Vol. 333 Issue 30971, p2 

    Reports on the United States Internal Revenue Service's tax on institutional holders of municipal bonds that violated the laws of governing tax-exempt securities; Municipal bond audit of the agency.

  • NABL to IRS: Get Issuers Not Investors. Hume, Lynn; Kinnander, Ola // Bond Buyer;01/31/2001, Vol. 335 Issue 31067, p1 

    Reports on a proposal by the National Association of Bond Lawyers that the United States Internal Revenue Service restructure its enforcement program for municipal bonds. Penalties for issuers and conduit borrowers for tax-law violations, rather than innocent bondholders; Group's letter to...

  • Hatch's IRS appeal plan awaits committee nod. Resnick, Amy B. // Bond Buyer;03/25/98, Vol. 323 Issue 30358, p4 

    Reports on the expected US Senate hearings for a proposal that would enable municipal bond issuers to appeal bond tax rulings by the Internal Revenue Service (IRS). Exclusion of the proposal from an IRS restructuring bill reviewed by the Senate Finance Committee on March 24, 1998.

  • IRS Considers Expanding Audit Program To Address Depreciation, Expenditures. Resnick, Amy B. // Bond Buyer;09/18/98, Vol. 325 Issue 30481, p36 

    Reports that the United States Internal Revenue Service (IRS) may extend its small-state industrial development municipal bond audit program, according to William Mark Scott, bond liaison for the IRS' Midstates region. Focus on capital expenditure and depreciation adjustment problems; IRS'...

  • Tax appeal guidance expected this week. Resnick, Amy B. // Bond Buyer;11/16/98, Vol. 326 Issue 30521, p10 

    Reports on the scheduled release of the long-awaited guidance from the United States Internal Revenue Service (IRS) on how municipal bond issuers can appeal initial bond taxability determinations in November 1998.

  • IRS: Issuers can appeal before agents get technical advice. Resnick, Amy B. // Bond Buyer;11/20/98, Vol. 326 Issue 30525, p1 

    Details Internal Revenue Service (IRS) rules which allows municipal bond issuers to appeal a determination that their bonds are taxable even without an IRS advice. Steps in conducting an appeal; Provision for bond issuers to use the IRS' early referral program; Effectivity of the proposed...

  • Muni players look at changes to IRS bond audit policies. Stanton, Michael // Bond Buyer;09/23/97, Vol. 321 Issue 30236, p1 

    Reports on the criticism of the US Internal Revenue Service's (IRS) audit policies for taxing municipal bonds. Use of audits to detect tax code violations in tax-exempt bond issues; Call for a revision of the policies to ease the enforcement burden on state and local government issuers; Attempt...

  • IRS, lawyers' involvement in muni audit cases questioned. Resnick, Amy B. // Bond Buyer;01/27/98, Vol. 323 Issue 30318, p4 

    Focuses on the concerns raised by municipal bond attorneys on whether the US Internal Revenue Service (IRS) is using the municipal-bond audit program to make new rules. Features of the discussion on how issuers can gain a forum for challenging an IRS determination of taxability; Issue of...

  • UBS IT Staffer's Logic Fails in 'Logic' Bomb Case. Sraeel, Holly // Bank Technology News;Aug2006, Vol. 19 Issue 8, p12 

    The article presents the case of Roger Duronio, a disgruntled former systems administrator for UBS Paine Webber who built a computer virus that caused the financial services company millions in damages in the United States. Duronio was found guilty of computer sabotage and securities fraud in...


Read the Article


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

Try another library?
Sign out of this library

Other Topics