Tribal Debt Controversy

Kinnander, Ola
October 2002
Bond Buyer;10/17/2002, Vol. 342 Issue 31493, p1
Trade Publication
Reports the increase of the auditing Indian tribal debt among some attorneys by the Internal Revenue Service. Determination of tax agency for the enforcement of the regulation; Types of tribal facilities used for the economic development; Use of tax exempt bonds.


Related Articles

  • Audits' Impact Trading of Tax Exempts.  // Practical Accountant;Oct2002, Vol. 35 Issue 10, p20 

    Cites a study published by the Bond Market Association which indicated that with regard to variable rate tax exempt bonds, the issuers were adversely impacted when an U.S. Internal Revenue Service audit was disclosed whether or not a tax liability or penalty was imposed.

  • IRS Audit of Catholic Health East Ends With No Penalty for System. Kinnader, Ola // Bond Buyer;9/17/2002, Vol. 341 Issue 31472, p1 

    Reports the auditing of the Catholic Health East (CHE) by the Internal Revenue Service in Pennsylvania. Exemption from paying debt taxes; Amount of the acquisition finance debt of CHE; Factors to influence the acquittal of CHE from paying merger bond debts.

  • Tax Departments Should Be Prepared for Audits of Tax-Exempt Bonds. Hani, George A.; Liles II, Robert E. // Tax Executive;Mar/Apr2003, Vol. 55 Issue 2, p130 

    Focuses on the need for tax departments to be prepared for audits of tax-exempt bonds. Key factors in tax-exempt bonds auditing; Ability of the bonds to create substantial financial exposure to companies; History of tax-exempt bond audits; Overview of the tax-exempt bond audit program of the...

  • Scott's Push to Change Audit Process Draws Negative Reactions. McConnell, Alison L. // Bond Buyer;5/12/2006, Vol. 356 Issue 32380, p5 

    The article reports that Washington tax practitioners had negative reactions to proposals made by former Internal Revenue Service (IRS) tax-exempt bond office director W. Mark Scott to alter the audit process. At the meeting of the National Federation of Municipal Analysts, Scott called for a...

  • MICHIGAN.  // Sales & Use Tax Alert;7/15/2009, Vol. 19 Issue 12, p7 

    This section offers news briefs on taxation in Michigan. The state has exempt the sale of a new aircraft temporarily located in the state for the purpose of sale and prepurchase evaluation, customization, maintenance, improvement or repair from sales and use taxes. A release has been issued by...

  • IRS Opens, Closes S. Dakota Arbitrage Audit. Schroeder, Peter // Bond Buyer;5/29/2008, Vol. 364 Issue 32888, p1 

    The article reports on an audit of $59.6 million of South Dakota Health and Educational Facilities Authority's 2002 revenue bonds by the U.S. Internal Revenue Service. The agency opened the auditing of $59.6 million revenue bonds and then closed it in less than five weeks without a change to the...

  • FIRST ALERT.  // Nonprofit World;Mar/Apr96, Vol. 14 Issue 2, p8 

    The article presents news alerts related to various activities related to nonprofit organizations. According to Marcus Owens, director of the IRS Exempt Organizations, no matter what tax changes the U.S. Congress proposes, one can be sure the nonprofit sector will receive attention. IRS...

  • West Virginia Hospital Authority Settles Pool Bond Audit. McConnell, Alison L. // Bond Buyer;6/6/2007, Vol. 360 Issue 32644, p4 

    The article reports on the announcement made by West Virginia Hospital Finance Authority revealing that it has settled an Internal Revenue Service (IRS) audit of $140 million of pooled bonds, using an unidentified third party's payment to fund the settlement and protect the tax-exempt status of...

  • IRS Announces Community Benefit Audits for Hospitals. Broccolo, Bernadette; DeJong, Ralph E.; Faber, Peter L.; Jedrey, Christopher M.; Louthian, Robert; Mancino, Doug; Mills, Elizabeth; Peregrine, Michael W. // Venulex Legal Summaries;2006 Q2, p1 

    The article focuses on the soft contact audit initiative launched by the U.S. Internal Revenue Service (IRS) that will focus on satisfaction of the community benefit standard. The initiative reflects increasing concerns in both Congress and the IRS with the extent to which nonprofit hospitals...


Read the Article


Sign out of this library

Other Topics