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The Internal Revenue Service has determined that industrial development bonds issued by the city of Minneapolis in 2006 for a printing-facility project are taxable.
By Naomi JagodaSeptember 28 - Texas
The IAH Public Facility Corp. has reached a proposed settlement with the Internal Revenue Service to resolve a tax-law dispute relating to about $49 million of bonds it issued in 2004 and 2006 to finance a jail in Polk County, Texas.
By Naomi JagodaSeptember 25 -
The Internal Revenue Service chief counsels office has issued a technical advice memorandum that was favorable to an issuer of advance refunding bonds.
By Naomi JagodaSeptember 22 -
While the issue price rules proposed by the Treasury Department and Internal Revenue Service in June are a significant improvement over those proposed in 2013, the alternative method for determining issue price under the recent proposal is currently not workable, the Securities Industry and Financial Markets Association wrote.
By Naomi JagodaSeptember 18 -
The National Conference of State Legislatures is urging Congress to not consider extending or making permanent the moratorium on state and local governments taxing Internet access unless it does so at the same time as or after it considers legislation that would allow states to require out-of-state online retailers to collect sales taxes.
By Naomi JagodaSeptember 17 -
The American College of Bond Counsel has elected officers and directors for the coming year.
By Naomi JagodaSeptember 14 -
The Internal Revenue Services tax-exempt bond office expects to close about 120 voluntary closing agreements in fiscal 2015 a figure that would be more than double the 51 closed the previous year, an IRS official said.
By Naomi JagodaSeptember 11 -
Market participants expressed some criticisms of the alternative method for determining issue price under rules proposed in June and said it was unlikely to be used very often.
By Naomi JagodaSeptember 10 -
The Treasury Department and the Internal Revenue Service hope to release guidance projects on political subdivisions and allocation and accounting rules this fall, Treasury associate tax legislative counsel John Cross told bond lawyers meeting here.
By Naomi JagodaSeptember 10 -
The Internal Revenue Service is auditing $91 million of Build America Bonds issued by the Minnesota Public Facilities Authority in fall 2010.
By Naomi JagodaSeptember 9