WASHINGTON - The Internal Revenue Service's Tax Exempt Bond Office published an educational paper summarizing processes to help issuers comply with federal tax law requirements and the voluntary closing agreement program provisions.

The two-page paper is broken into two sections. The first section focuses on what tax-advantaged bonds are and what issuers should do once the bonds are issued. The second section describes the VCAP program as well as how an issuer can go about submitting a VCAP request.

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