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The Internal Revenue Service is working on more specialized template voluntary closing agreements, an official with the IRS' tax-exempt bond office said.
By Naomi JagodaSeptember 4 -
Standard and Poors has released a report describing how its incorporating into its ratings local governments reporting of pensions under newly applicable standards from the Governmental Accounting Standards Board.
By Naomi JagodaSeptember 3 - Washington
The Governmental Accounting Standards Board is planning to re-examine the standardized framework state and local governments use to report their financial information.
By Naomi JagodaSeptember 1 -
Nearly half of tax-exempt interest reported on 2013 individual income tax returns was on returns with adjusted gross income of less than $200,000, and most of the returns reporting tax-exempt interest had a primary taxpayer over the age of 65, calculations based on recently released Internal Revenue Service statistics show.
By Naomi JagodaAugust 31 - Washington
Most cities' "bottom lines" are positive and have bounced back from the financial crisis, though many are still in negative territory and are vulnerable to becoming distressed if they aren't already, according to a new report from Merritt Research Services president and chief executive officer Richard Ciccarone.
By Naomi JagodaAugust 26 -
When Congress returns to Washington in September, members will have to address a number of important fiscal issues in a short amount of time.
By Naomi JagodaAugust 25 -
Ongoing cuts to Build America Bond subsidies are "credit negative" for issuers, Moody's Investors Service said in its weekly credit outlook for U.S. public finance last week.
By Naomi JagodaAugust 24 -
The municipal bond tax exemption could be at risk under a proposal from presidential candidate Hillary Clinton to reduce student debt.
By Naomi JagodaAugust 21 -
A city's authority can have additional time to spend proceeds of its new clean renewable energy bonds after unanticipated events caused a "significant delay" in the proceeds being committed and spent, the Internal Revenue Service has ruled.
By Naomi JagodaAugust 20 -
The municipal bond tax exemption saved state and local government borrowers about $715 billion in debt service expenses from 2000 to 2014, according to a white paper issued by the International City/County Management Association and the Government Finance Officers Association.
By Naomi JagodaAugust 19