TEB Community News
IRS Announces Tribal Economic Development Bonds Allocations
The IRS has announced the allocation, in two tranches, of $2 billion of volume cap to tribal governments under the new TEDBs program.
Reallocation Process Announced for Tribal Economic Development Bonds
The IRS has announced a process for reallocation of available amounts of volume cap for Tribal Economic Development Bonds.
IRS Announces New Clean Renewable Energy Bonds Allocations
The IRS announced the allocation of the volume cap to public power providers, cooperative electric companies, and governmental bodies under the new CREBs program.
IRS Announces New Clean Renewable Energy Bonds Supplemental Allocations for Cooperative Electric Companies
The Internal Revenue Service has announced the allocation of $190,795,445 in volume cap authority for 13 projects owned by cooperative electric companies eligible to be financed with tax credit bonds under the New Clean Renewable Energy Bonds ("New CREBs") program.
TIGTA Finds that Compliance Check Questionnaires by TEB were Appropriate (August 1, 2011)
The compliance check questionnaires issued by the TEB office were appropriate for identifying indications of a high risk of potential noncompliance for BABs and were not examinations.
Alternate Permitted Method for Filing Form 8038-CP for Certain Specified Tax Credit Bonds
The Internal Revenue Service will process certain Forms 8038-CP filed using an alternate permitted method that allows issuers to file one Form 8038-CP covering all maturities of qualified school construction bonds or qualified zone academy bonds of an issue for each interest payment date. Notifications of the alternate permitted method are being mailed to identified eligible issuers.
IRS Announces VCAP Relief from Debt Extinguishment for Certain Issuers of Tax-Exempt Bonds
Announcement 2011-19 describes conditions under which the IRS will consider VCAP requests for relief from debt extinguishment for certain issuers.
IRS Releases Guidance on ARRA Bond Provisions
The latest guidance, forms and information on bond provisions enacted by the American Recovery & Reinvestment Act of 2009.
***ARCHIVED CONTENT*** IRS Announces Updated Procedures and Educational Resources for the TEB VCAP
***ARCHIVED CONTENT*** The IRS released updated IRM procedures for the TEB Voluntary Closing Agreement Program and TEB Closing Agreements as well as web-based educational resources concerning post-issuance and voluntary compliance.
Issued guidance regarding the creation of new programs and/or release of new publications. The provided materials relate specifically to tax-exempt bonds.