New IRS Audit Procedures
10/13/2017The IRS Tax Exempt and Governmental Entities division has announced new procedures for conducting audits of tax-exempt and tax advantaged bonds. Based on our understanding of these new procedures, we would recommend issuers engage in oral discussion with the examining agent prior to submitting a written response in an effort to avoid any unintended consequences of such submission.
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.
- Revised Proposed TEFRA Public Notice, Hearing and Approval Regulations
This Hawkins Advisory discusses the revised proposed regulations on TEFRA Public Notice.