WASHINGTON — The Internal Revenue Service’s new compliance practice research team next month will begin circulating a document internally for feedback that will identify red flags for issuers that are likely to occur over the life of a bond issue from the planning stages through the final redemption.

Speaking at the American Bar Association’s tax-exempt financing committee meeting here on Friday, Cliff Gannett, director of the IRS’ tax-exempt bond office, said the draft document is a result of the research the team has been collecting over the past few months. Gannett envisioned the team and officially launched it in February.

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