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This latest IRS action is one of a series of bond audits involving various government agencies in Puerto Rico.
July 17 -
The IRS regulation is targeted at ending workarounds by state and local governments that have been enacted since the cap was included in the 2017 Tax Cuts and Jobs Act.
July 16 -
Upper Arlington Schools District Superintendent Dr. Paul Imhoff said an upcoming vote on an operating levy will be harder to secure.
June 25 -
The limit on the SALT deduction caused an estimated 10.88 million individual taxpayers to lose $323.1 billion in tax deductions for the 2018 tax year, the Treasury Inspector General for Tax Administration reported in February.
June 12 -
In a Friday letter, NABL has only four suggestions for the IRS 2020 priority guidance plan on regulatory issues involving the tax-exempt bond industry, half as many as it did a year ago.
June 7 -
The new guidance issued Wednesday under Notice 2019-39 covers, among other things, Tribal Economic Development Bonds and direct-pay Build America Bonds.
May 23 -
Calculating the remaining useful life of a port or airport facility can be problematic, but the IRS ruling released May 3 supports a simplified method of making this determination using the date of the new agreement as a starting point.
May 10 -
The Treasury and Internal Revenue Service sent the final regulation to the White House Office of Management and Budget over six weeks ago.
May 7 -
In the coming months bond lawyers expect numerous municipal governments to issue new bonds to support investments in Opportunity Zones.
April 23 -
The audit concluded a year and one day after the sports authority received a letter dated April 4, 2018, informing it that the tax-exempt status of the bonds was being examined.
April 22