The IRS is auditing two separate issuers to address the accuracy of form 8038-T, a project the agency has taken up as one of their fiscal 2013 goals. Form 8038-T is filed by issuers when making an arbitrage payment.
IRS Auditing Two Separate Issuers on Form 8038-T
FEB 15, 2013 1:42pm ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
the bond buyer conferences
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