Internal Revenue Bulletin:  2006-29 

July 17, 2006 

ADMINISTRATIVE


Notice 2006-63 Notice 2006-63

This notice requests comments for developing record retention standards, including recordkeeping limitation programs, for tax-exempt bond issues. In particular, the notice seeks comments regarding any burdens associated with the record retention requirements that apply to issuers and other parties to tax-exempt bond transactions in order to substantiate compliance with section 103 of the Code. Comments should be received by October 16, 2006.

Announcement 2006-49 Announcement 2006-49

Work opportunity tax credit; welfare-to-work (W-t-W) tax credit. This document sets forth the conclusions of the IRS study relating to Rev. Rul. 2003-112 and announces that no credit will be allowed by the Service for any WOTC and W-t-W tax credit claims without proper certification by a designated local agency in accordance with the statute.


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