Yield-Burning Settlements Continue

Ferris, Craig T.
November 2002
Bond Buyer;11/11/2002, Vol. 342 Issue 31510, p1
Trade Publication
Focuses on the efforts made for yield-burning settlements by the Internal Revenue Service (IRS) in the United States. Comments made by Charles Anderson, the IRS's manager for field bond operations on the voluntary settlement discussion made by regional broker-dealer firms; Distinction between the settlement terms provided to the firms according to their participation in the global settlement.


Related Articles

  • BEEFED UP. Szabo, Joan // Entrepreneur;Aug2002, Vol. 30 Issue 8, p51 

    Details the automation program of the U.S. Internal Revenue Service. Things to be expected from the program.

  • Three More Firms Settle With IRS Over Yield Burning. Duff, Susanna // Bond Buyer;2/18/2003, Vol. 343 Issue 31574, p5 

    Reports that the U.S. Internal Revenue Service has reached three more settlements with regional broker-dealer firms in its continuing investigation of yield burning as of February 18, 2003. Launch of the investigation in April 2001; Settlement for the negative arbitrage; Reaction of issuers on...

  • IRS Settles More Yield-Burning Cases. Kinnander, Ola // Bond Buyer;5/16/2002, Vol. 340 Issue 31388, p4 

    No abstract available.

  • IRS Arbitrage-Rebate Correspondence Audits Get Under Way. Schroeder, Peter // Bond Buyer;5/13/2008, Vol. 364 Issue 32877, p5 

    The article reports on the arbitrage-rebate compliance initiative sent out by the U.S. Internal Revenue Service (IRS) to private bond issuers. The initiative includes actual examinations and information document requests which request issuers to submit copies of documents and procedural data....

  • Tax Enforcement: IRS Reaches One Yield-Burning Settlement and Aims at Others. Kinnander, Ola // Bond Buyer;10/25/2001, Vol. 388 Issue 31251, p3 

    Reports on the settlement of the Internal Revenue Service (IRS) with one regional broker-dealer in the wake of its yield-burning investigation. Refusal of IRS officials to identify the broker-dealer; Amount for the settlement; Focus of the firm on the regional bankers; Information about deals...

  • IRS: Back to Yield Burning. Kinnander, Ola // Bond Buyer;04/16/2001, Vol. 336 Issue 31118, p1 

    Reports that the United States Internal Revenue Service is launching an investigation of yield burning in bonds, focusing on regional broker-dealers. Audit of bond issues by the agency; Settlements made by large investment firms in 2000; Definition of yield burning.

  • Muni investors: Don't fiddle while the bond yield burns. Keating, Peter // Money;Apr98, Vol. 27 Issue 4, p58 

    Discusses the United States Internal Revenue Service (IRS) and the Securities and Exchange Commission (SEC) investigation into a practice known as yield burning. The federal law stating that municipalities must use money raised through bond sales for public projects, not for arbitrage.

  • A CROSS-SECTION ANALYSIS OF IRS AUDITING. Erekson, O. Homer; Sullivan, Dennis H. // National Tax Journal;Jun88, Vol. 41 Issue 2, p175 

    We develop and estimate an economic model of patterns of tax return audits by the IRS. The empirical results using a data set provided by the IRS are interpreted based on IRS goals of deterrence, tax justice, and revenue maximization.

  • IRS Initiated Accounting Method Changes. Droppleman, W. Michael; Grimes, Scott E.; Sanchez, Victor; Wiggam, Marilyn K. // Ohio CPA Journal;Jul-Sep99, Vol. 58 Issue 3, p63 

    It's now easier than ever before for an entity to voluntarily obtain IRS consent to change its method of accounting (see "Accounting Method Changes," Journal of Accountancy, April 98, page 65). Revenue procedures 97-27, 1997-21 IRB, and 98-60, 1998-51 IRB, provide the procedures for voluntary...


Read the Article


Sign out of this library

Other Topics