WASHINGTON — The Internal Revenue Service’s tax-exempt bond office plans to send a letter to several hundred bond issuers that have suffered covenant or payment defaults in recent years, alerting them that certain actions they take could  inadvertently trigger a reissuance of the bonds.

The two-page educational letter, which will be sent out in the next few weeks, provides information to issuers of  conduit bonds  about what they can do to ensure the reissued bonds are tax-exempt, said Bob Griffo, group manager of compliance and program management for the TEB office. The letter is part of an “ongoing efforts to promote voluntary compliance” with federal tax requirements, Griffo said. “We want to make sure people know about the rules so they can comply.”

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