WASHINGTON — The Internal Revenue Service is auditing two special assessment bond issues totaling $64.46 million that were sold in May 2006 by the Wentworth Estates Community Development District in Florida and went into default.

The audit, which appears to be part of an IRS inititative to gauge the tax law compliance of developer-driven deals, was disclosed in an event notice the district filed with the Municipal Securities Rulemaking Board’s online EMMA system.

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