WASHINGTON - The Internal Revenue Service is seeking applications for two tax-exempt bond experts to serve on its Advisory Committee on Tax Exempt and Government Entities.

The agency initiated the search Friday, saying in a release that it must fill two vacancies in the tax-exempt bond portion of the committee, which drafts and presents annual recommendations to the IRS TE/GE branch on how it can improve its service.

The IRS said it will accept written applications or nominations until Dec. 1, and is planning on filling the vacancies sometime in the spring. Interested parties can apply via the service's Web site or by mail.

The agency will weigh experience, qualifications, and other expertise, in determining the new members of the committee from the pool of qualified applicants.

The ACT consists of five separate teams: tax-exempt bonds, Indian tribal governments, exempt organizations, employee plans, and federal, state, and local governments. Each team presents a single recommendation to the IRS at an annual summer meeting of the ACT.

This past June, the tax-exempt bond team produced its recommendations for a streamlined voluntary closing agreement program that would allow issuers who discover relatively commonplace problems to quickly and easily resolve those problems with the IRS.

The two new members for the tax-exempt bond team will replace the outgoing Joan M. DiMarco of BondResources Partners LP in Philadelphia and John G. Pasicznyk of the Dormitory Authority of New York State. Michael Bailey, partner at Foley & Lardner LLP in Chicago who worked at the Internal Revenue Service in the 1990s, joined the ACT last year.

In addition to individuals familiar with tax-exempt bonds, the IRS is also seeking to replace vacancies on the teams for Indian tribal governments and federal, state and local governments.

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