Information for the Tax Exempt Bond Community
Update: Effect of Sequestration on State & Local Government Filers of Form 8038-CP
Pursuant to the requirements of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended, certain automatic reductions will take place as of October 1, 2014. These required reductions include a reduction to the refundable credit under section 6431 of the Internal Revenue Code applicable to certain qualified bonds.
Published Volume Cap Limit for Tribal Economic Development Bonds
IRS announces the Published Volume Cap Limit for applications for allocations of national bond volume limitation authority to issuers of tribal economic development bonds for the period beginning December 1, 2014.
Technical Advice Memorandum 2014-04 – Claims For Refundable Credit Under IRC 6431
This program manager technical advice memorandum responds to a request from Tax Exempt Bonds to define the period within which issuers of qualified bonds issued under Internal Revenue Code section 54AA(g) may request a payment of the refundable credit determined under section 6431(a).
Announcement 2015-02 (Simplified VCAP Process for Issuers of Qualified 501(c)(3) Bonds)
This Announcement provides a simplified VCAP process for issuers of qualified 501(c)(3) bonds, as defined in the Announcement, to request a closing agreement in situations in which the borrower of the proceeds of the bonds received Prospective Reinstatement, as defined in the Announcement, after its tax-exempt status was automatically revoked under section 6033(j)(1) of the Internal Revenue Code (the “Code”).
TEGE ACT 13th Report
The thirteenth report of recommendations of the Advisory Committee on Tax Exempt and Government Entities (ACT).
New Voluntary Closing Agreement Program Request Form
The Internal Revenue Service released the new Form 14429, Tax Exempt Bonds Voluntary Closing Agreement Program Request, which must be submitted with a Tax Exempt Bonds Voluntary Closing Agreement Program submission request.
IRS Report on Avoiding Troubled Tax-Advantaged Bonds
This report produced by the TEB Compliance Practice Research Team seeks to provide aid to issuers of tax-advantaged municipal bonds. It identifies some considerations for issuers of such bonds and is TEB’s initial step toward producing public resource products that assist issuers in avoiding troubled transactions.
Sale of Assets Financed with Tax-Exempt Bonds by State and Local Governments and 501(c)(3) Organizations
Often, in their need to raise funds, state and local governments and 501(c)(3) organizations may sell property financed with tax-exempt bonds. These sales could cause the bond issue to become taxable. This article provides basic information concerning remedial actions needed, if necessary, to preserve the tax-exempt status of the bond issue.
ARRA and HIRE Act Bond Guidance
Guidance on bond provisions of the ARRA and HIRE Act.
TEB Post-Issuance Compliance
Provides basic post-issuance information for issuers of tax-advantaged bonds.
TEB Voluntary Compliance
Provides information about post-issuance and voluntary compliance.
TEB Financial Restructuring Compliance
Provides information for issuers or conduit borrowers with defaulted or distressed obligations.
TEB Published Guidance
Information and guidance for the Tax Exempt Bond Community.
Past articles and information on Tax Exempt Bonds topics.
Frequently Asked Questions about Tax Exempt Bond topics.
If you need to contact Tax Exempt Bonds this page will provide you with contact information.