IRS Launches Compliance Check Questionnaire on Advance Refunding Issues
The Tax Exempt Bonds office (TEB) of the Tax Exempt and Government Entities division initiated a questionnaire project to evaluate the post-issuance compliance and record retention policies, procedures and practices of issuers and conduit borrowers of tax-exempt advance refunding bonds.
TEB Announces Revisions to the Direct Pay Bonds Compliance Check Questionnaire
The Tax Exempt Bonds function is revising the questionnaire to ensure that the questions are clearly interpreted and to request expanded descriptions of the issuer’s compliance procedures and practices.
IRS Launches Compliance Check on Governmental Bond Financings
The Tax Exempt Bonds office (TEB) of the IRS Tax Exempt and Government Entities division initiated a compliance project to evaluate the post-issuance and record retention policies, procedures and practices of governmental issuers of tax-exempt bonds.
TEB Updates Voluntary Compliance Administrative Procedures
The Internal Revenue Service has released its newly updated VCAP operating procedures under section 7.2.3 of the IRM.
Tax Exempt Bonds Alternative Dispute Resolution Programs
Find out about the Tax Exempt Bonds Voluntary Compliance Program (TEB VCAP) and other dispute resolution programs established by the Service that enable issuers that have experienced compliance violations to preserve the tax exempt status of their bond issuances.
FOR ISSUERS OF TAX-EXEMPT BONDS AND TAX CREDIT BONDS TO SUBMIT REQUESTS TO ENTER INTO VOLUNTARY CLOSING AGREEMENTS (VCAPS) WITH THE IRS UNDER THE TEB VCAP PROGRAM.
TEB Abusive Tax Transactions
The IRS is engaged in extensive efforts to curb abusive tax shelter schemes and transactions. A listing of emerging issues involving abusive transactions and other resources has been provided.
IRS Report on Tax-Exempt Charitable Financings Compliance Project
This report presents the analysis and preliminary conclusions on the data collected from a questionnaire sent to exempt organization borrowers of qualified 501(c)(3) bonds.
Tax Exempt Bonds Questionnaire Project: Final Report on Governmental and Charitable Financings
The Tax Exempt Bonds function of the IRS Tax Exempt and Government Entities Division has published the final report on its Tax-Exempt Charitable Financings Compliance Check Questionnaire and Governmental Bond Financings Compliance Check Questionnaire projects.
Tax Exempt Bonds Fiscal Year Work Plan Library
A library of the Tax Exempt Bonds function's fiscal year work plans.