TITLE

IRS to Audit Some Bonds With LOCs

AUTHOR(S)
Duff, Susanna
PUB. DATE
December 2002
SOURCE
Bond Buyer;12/3/2002, Vol. 342 Issue 31524, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the plans of the U.S. Internal Revenue Service (IRS) to audit some industrial revenue bond deals which according to them are resulting in federal benefits. Reasons for auditing; Details of working of various home loan banks involved in housing and non-housing bonds; Basis of the decision to investigate illegal non-housing bond deals; Steps taken by IRS in encouraging issuers to help in the investigations.
ACCESSION #
8849242

 

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