IRS May Be at Odds With Pennsylvania School Notes

Hume, Lynn
November 2001
Bond Buyer;11/9/2001, Vol. 338 Issue 31262, p1
Trade Publication
Reports that the Internal Revenue Service (IRS) may be requesting Pennsylvania's Neshannock Township School District to pay the arbitrage for violating tax laws for its $9.6 million three-year securities. Evidences that confirms the trouble between IRS and the school district; Cause for hiring tax controversy lawyer Mary Reichert the note counsel for the transaction in the district school; Penalty per bond which can be imposed under section 6700 of IRS Code.


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