Tax Exempt Bonds (TEB) is a subgroup of the Governmental Entities (GE) division of the Tax Exempt and Governmental Entities Division (TE/GE) of the Internal Revenue Service.
The mission of TEB is to administer federal tax laws applicable to tax-advantaged bonds and to provide our customers with top quality service by applying tax laws with integrity and fairness.
Our Compliance and Program Management (CPM) and Field Operation (FO) functions focus on:
- monitoring non-compliance trends,
- designing and implementing compliance programs and projects that foster voluntary resolution of infractions of the tax rules related to tax-advantaged bonds, and
- designing proactive education and outreach programs tailored to tax-advantaged bond industry segments
Christie J. Jacobs, Director, Indian Tribal Governments/Tax Exempt Bonds
Under the direction of Christie J. Jacobs, ITG/TEB works closely with the Office of Associate Chief Counsel (TE/GE), other offices within the Internal Revenue Service, other regulatory agencies, state and local government officials, and others in the tax-advantaged bond community to encourage and achieve the highest degree of voluntary compliance with Federal tax laws.
Jayne E. Maxwell, Acting CPM Manager
The CPM function is primarily responsible for the development and coordination of the TEB Voluntary Closing Agreement Program (VCAP) as well as the development of ongoing outreach programs designed to effectively identify, provide guidance to, and address the needs of the various customer groups that comprise the tax-advantaged bond community. The CPM function also develops project initiatives, updates the Internal Revenue Manual (IRM) and Revenue Procedures, prepares taxpayer and employee education and training materials, handles general information requests and referrals, coordinates with the Office of Associate Chief Counsel to provide legal guidance, and performs program planning and evaluation functions.
Allyson D. Belsome, FO Manager
The FO function is primarily responsible for identifying and correcting noncompliance with federal tax laws applicable to tax-advantaged bonds. The FO function conducts examinations, with fairness and the highest level of integrity, at the issuer level. The goal of the function is to pro-actively assist issuers in their tax-advantaged bond compliance with the federal tax laws. Personnel throughout the country are not only active in conducting examinations but also in assisting with the delivery of outreach programs to the tax-advantaged bond community. The FO function concentrates its efforts on the many emerging issues and focus areas in the tax-advantaged bond community.
For answers to questions about tax-advantaged bonds, call IRS TE/GE Customer Account Services (CAS) at (877) 829-5500 (toll-free number).
Voluntary Closing Agreement Program (VCAP)
Mail closing agreement requests to:
Internal Revenue Service
SE:T:GE:ITG/TEB: 1122 Town & Country Commons
TEB Room 128
Chesterfield, MO 63017-8293
For questions about TEB VCAP or discuss a closing agreement request, email TEBVCAP@IRS.gov
To request a speaker or panelist for your meeting, workshop, seminar or conference, see Requesting Educational Services from Tax Exempt & Government Entities.
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