Final Allocation & Accounting Regulations under Section 141
This issue of the Hawkins Advisory describes the Treasury Regulations promulgated under section 141 of the Internal Revenue Code of 1986, allocating the proceeds of tax-advantaged bonds to assets or portions of assets and accounting for the use of such assets or portions thereof.
On October 27, 2015, the final allocation and accounting regulations were published in the Federal Register. These final regulations address situations in which facilities financed with the proceeds of tax‐advantaged bonds* are used in both “qualified” and “unqualified” uses, as such terms are described below.
Also of Interest
- Tax-Exempt Bond Provisions in the Conference Committee Version of H. R. 1
This issue of the Hawkins Advisory describes provisions affecting tax-exempt bonds and tax credit bonds that are included in the version of the Tax Cuts and Jobs Act approved on December 15, 2017 by a conference committee.
- Tax-Advantaged Bond Provisions In Senate Tax Bill
This edition of the Hawkins Advisory describes provisions affecting tax-exempt bonds and tax credit bonds that are included in the version of the Tax Cuts and Jobs Act passed by the U.S. Senate on December 2, 2017.
- Tax Advantaged Bond Provisions In House And Senate Tax Bills
This issue of the Hawkins Advisory describes the recent Tax reform proposal.
- New IRS Audit Procedures
Hawkins Advisory describes the changes made by the IRS Tax Exempt and Governmental Entities division to the new procedures for conducting audits of tax-exempt and tax advantaged bonds.