WASHINGTON — The Internal Revenue Service said Wednesday that only about 20% of governmental issuers that responded to a survey showed they have written procedures or some system to make sure they comply with tax laws and rules after their bonds are issued.

By comparison, almost half of the nonprofit organizations that responded to the survey had written procedures or ad hoc systems for post-issuance compliance, according to the IRS.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.