WASHINGTON - The Internal Revenue Service's tax-exempt bond branch plans to extend the breadth of its activities in 2009, as it rolls out a post-issuance compliance survey to roughly 200 governmental bond issuers that could be followed up with audits, and launches several targeted research projects examining how bond proceeds are spent.

TEB also will continue to examine abusive transactions and derivatives and will enhance its voluntary closing agreement program, according to IRS officials and market participants.

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