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Washington - Taxation
IRS Finds Some Ark. Authority Bonds are Taxable, But Bonds are in Default
by: Lynn Hume and Jennifer DePaul
Thursday, February 21, 2013
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The Internal Revenue Service has declared as taxable interest earnings from tax-exempt bonds issued by an authority in Little Rock, Ark., but that may be the least of the bondholders' concerns because the bonds are in default and they may not receive any more interest payments.

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