The Internal Revenue Service plans on Aug. 15 to release revised instructions to its redesigned Form 990 for nonprofit organizations and Schedule K on tax-exempt bonds. The IRS will clarify that issuers will not have to provide information about the private business use of bonds issued before 2003 that were refunded after 2002.

Meanwhile, the law firm of Steptoe & Johnson LLP has sent a letter to Treasury asking it to immediately amend proposed regulations that define solid waste disposal facilities for tax-exempt financing purposes so that they are effective for all years rather than only after the regulations are finalized.

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