Tax Exempt Bonds Alternative Dispute Resolution Programs
Voluntary Compliance Agreement Program (TEB VCAP)
Voluntary closing agreement requests from anonymous parties as well as requests on behalf of multiple issuers and issues are encouraged if a sufficient description of the appropriate facts and circumstances leading to the infraction are provided to the Service.
We welcome your interest in the CPM function and participation in the TEB VCAP program. We also welcome your suggestions about how we can improve the program and encourage up-front voluntary compliance. If you have questions about the TEB VCAP or wish to discuss or submit a closing agreement request, please submit your questions or requests via email to TEB-VCAP.
You may also mail closing agreement requests to CPM at the following address:
Internal Revenue Service
1122 Town & Country Commons
Chesterfield, MO 63017
Additional VCAP Information
Notice 2008-31, 2008-11 I.R.B. 592
This Notice provides information about the voluntary closing agreement program for tax-exempt bonds and tax credit bonds("TEB VCAP"). The Notice modifies and supersedes Notice 2001-60, 2001-2 C.B. 304.
Notice 2001-60, 2001-40 I.R.B. 304
This notice provides information about a closing agreement program for tax-exempt bonds (TEB VCAP). TEB VCAP provides a mechanism whereby issuers of tax-exempt bonds who come forward on a voluntary basis can resolve violations of the Code by entering into closing agreements with the Service. Comments are requested on TEB VCAP and on how the Service can expand its efforts to encourage voluntary compliance with the Code.
IRM 7.2.3 - Part 7 (Rulings and Agreements), Chapter 2 (TE/GE Closing Agreements), Section 3 (Tax Exempt Bonds Voluntary Closing Agreement Program).
Rev. Proc. 97-15, 1997-5 I.R.B. 21
This procedure provides a program under which an issuer of state or local bonds may request a closing agreement regarding outstanding bonds which fail to meet certain requirements of sections 141 through 150 of the Code relating to use of proceeds as a result of an action subsequent to the issue date.
IRS Announces New Tax Exempt Bond Pilot Program to Mediate and Speed Up Resolution Disputes [June 3, 2003]
The Service has launched a pilot program to expedite the resolution of cases under examination in its Tax Exempt Bond organization. The IRS believes the program, which uses the services of trained mediators to help resolve factual disputes between bond issuers and the IRS, will provide significant benefits to both parties.
T.D. 9150 [Remedial actions applicable to tax-exempt bonds issued by state and local governments]
This document contains final regulations on the exempt facility bond rules applicable to tax-exempt bonds issued by state and local governments. The regulations amend provisions in the current regulations permitting remedial actions for tax-exempt bonds.