The Need For Post-Issuance Written Tax Compliance Procedures
Pronouncements by the IRS in recent years have made it clear that issuers and borrowers of tax‐exempt bonds and other tax‐advantaged bonds should adopt effective post‐issuance written tax compliance procedures.
On July 1, 2011, the Internal Revenue Service (the “IRS” or the “Service”) released its Final Report on Governmental and Charitable Financings (the “Report”) summarizing data collected from two compliance questionnaire projects (collectively, the “Project”) which commenced in 2007.
Also of Interest
- Hawkins Attorneys Featured at Bond Attorneys’ Workshop
Four Hawkins attorneys will serve on panels at the National Association of Bond Lawyers 43rd annual Bond Attorneys’ Workshop which will be held September 26-28, 2018 in Chicago.
- Qualified Opportunity Zones
This Hawkins Advisory issue describes the Qualified Opportunity Zones - IRC Sections 1400Z-1 and 1400Z-2.
- 2018 Area Median Gross Income Figures
This issue of the Hawkins Advisory contains information of specific interest to single-family housing bond issuers regarding area median gross income figures.
- Rev. Proc. 2018-26: Supplemental Remedial Action Rules for Tax Advantaged Bonds
This issue of the Hawkins Advisory describes remedial action provisions set forth in Rev. Proc. 2018-26.