IRS finds `significant' noncompliance in preliminary

Stanton, Michael
October 1997
Bond Buyer;10/31/97, Vol. 322 Issue 30264, p1
Trade Publication
Focuses on the results from the Internal Revenue Service's random bond audit program which show a `very significant' level of noncompliance among industrial development bond (IDB) issuers. Views of Marcus Owens, head of the IRS exempt organizations division about the agency; Requirement for corporations that use tax-exempt IDB for investments; Growth of the agency's targeted bond audit program.


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