The Internal Revenue Service is expanding its voluntary compliance program to include tax-credit bonds, according to a notice released by the agency yesterday.

In addition to including tax-credit bonds, Notice 2008-31 updates the previous notice on VCAP regarding what department of the IRS' tax-exempt/governmental entities branch will handle VCAP claims. Previously, issuers coming forward with potential bond problems went to the outreach, planning, and review department. The notice now directs issuers to go to compliance and program management, which is managed by Steven Chamberlin in St. Louis.

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