IRS: Chicago Park District Deal Taxable
- Effects of Latest IRS Regulations on Advanced Refundings. Dyl, Edward A.; Joehnk, Michael D. // Financial Management (1972);Summer77, Vol. 6 Issue 2, p71
This article studies the effect of Internal Revenue Service (IRS) regulations on refunding of bonds in the U.S. The purpose of the paper is to explain IRS regulations and to note how revisions affect the advance refunding model presented. Because the IRS views unregulated advance refundings as a...
- IRS Finds $61M of Calif.'s Vallejo City USD's Debt Taxable. Hume, Lynn // Bond Buyer;1/10/2008, Vol. 363 Issue 32792, p5
The article reports on the move of Vallejo City Unified School District to disclose that the Internal Revenue Service (IRS) $61.06 million of Series A 2002 general obligation refunding bonds are arbitrage bonds in the U.S. The district sent material event notice to recognized repositories...
- IRS Auditing $149 Million Denver Excise Tax Revenue Refunding. Schroeder, Peter // Bond Buyer;2/18/2009, Vol. 367 Issue 33064, p7
The article reports on the move of the U.S. Internal Revenue Service (IRS) to begin auditing the $149.2 million of excise tax revenue refunding bonds that the city and county of Denver, Colorado issued in 2005. It states that the city disclosed the IRS action in a notice with the nationally...
- IRS Says Exxon Bonds Taxable; Closes Arborwood, Fla., CDD Audit. Hume, Lynn // Bond Buyer;1/30/2017, Vol. 1 Issue 34651, p1
The Internal Revenue Service has told the California Municipal Finance Authority that $32.5 million of refunding bonds it issued in 2007 for Exxon Capital Ventures, Inc. are taxable, but the borrower is disputing the finding.
- ABA Panel Seeks Revisions, Clarifications in Issue Price Rules. Hume, Lynn // Bond Buyer;1/7/2016, Vol. 1 Issue 34440, p1
A group of lawyers is urging tax regulators to make some revisions and clarifications to proposed issue price rules to avoid confusion and make the rules more workable.
- IRS Rules $48M of Fargo Bonds Taxable . Ferris, Craig T. // Bond Buyer;12/5/2005, Vol. 354 Issue 32271, p1
The article presents information on the ruling of the U.S. Internal Revenue Service (IRS), which states that $47.8 million of advance refunding bonds issued in 1997 by Fargo, North Dakota, are taxable because the deal used an abusive yield-burning strategy. The IRS has determined that the bonds...
- State and local bond closing agreements. // Practical Accountant;Mar97, Vol. 30 Issue 3, p21
Presents the issuance by the US Internal Revenue Service of a program under which state or local bonds issuer may request a closing agreement for outstanding bonds.
- IRS Issues Determination on Jefferson Parish, La., Bonds. McConnell, Alison L. // Bond Buyer;1/11/2007, Vol. 359 Issue 32546, p4
The article focuses on the decision of the Internal Revenue Service (IRS) concerning the refunding bonds of Jefferson Parish in Louisiana. The IRS has taken the first step on declaring the Series 1997 refunding bonds taxable because bond proceeds were invested in an allegedly overpriced forward...
- Alternative yield-burning approach would exempt 75% of early '90s deals. Hume, Lynn Stevens // Bond Buyer;03/09/98, Vol. 323 Issue 30346, p1
Reports that advance bond refundings in the United States between 1990 and 1995 are not subject to enforcement action by federal regulators for yield-burning abuses. Alternative to the US Internal Revenue Service's revenue procedure; Effort by groups to reach consensus on set of factors that...