WASHINGTON — The Treasury Department should permanently apply existing regulations on issue price to all tax-exempt and direct-pay bonds, while clarifying several aspects of the rules, according to the American Bar Association’s taxation section.

The group of tax attorneys argued in a letter sent Nov. 9 to Treasury and Internal Revenue Service officials that crystallizing and clarifying issue-price regulations would help issuers and market participants determine bond pricing, which in turn would “enhance compliance” with several tax requirements that rely on an accurate issue-price determination.

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