Michela was a presenter at the NABL U webinar on IRS enforcement. Since the mid-1990s, the Internal Revenue Service enforcement efforts regarding tax-exempt bonds has become more robust. IRS enforcement comes through a variety of measures, but many times in the form of an audit. Responding to an audit is not an everyday occurrence for an issuer or conduit borrower, and bond counsel often plays an essential role in helping to navigate the process successfully.
Also of Interest
- New Current Refunding Guidelines for Bonds Issued Pursuant to Special Authorizations
On May 22, 2019, the Internal Revenue Service released Notice 2019-39. The Notice provides guidance on the issuance of tax-exempt state and local bonds and tax-exempt Indian tribal government bonds in current refunding issues...
- General Public Use Requirement for Qualified Residential Rental Projects
This Hawkins Advisory provides information of specific interest to multi-family housing bond issuers regarding the general public use requirement for qualified residential rental projects.
- Average Area and Nationwide Purchase Price Safe Harbor Limits
This Hawkins Advisory includes information of specific interest to single-family housing bond issuers regarding Average Area and Nationwide Purchase Price Safe Harbor Limits
- Final TEFRA Hearing & Approval Regulations
This issue of the Hawkins Advisory discusses TEFRA final regulations.