IRS

Vicky Tsilas, who most recently headed branch 5 in the IRS chief counsel’s office for more than a year and a half, was involved in numerous rulemakings and guidance for municipal bonds.

The revenue procedure implements a proposal in President Trump's infrastructure plan that will help facilitate public-private partnership arrangements.

The proposed legislation formally allows certain but not all taxpayers to have access to their IRS audit case file prior to dispute resolution hearings, ending the requirement to file a request under the Freedom of Information Act.

Employers in New York also are allowed to implement a 5% payroll tax as a way of paying some of their employees’ state income taxes.

It's important and constructive to talk about these kinds of alternatives to advance refundings, market participants said.

The new tax law that terminated advance refundings of bonds after Dec. 31, 2017, does not specify that only "tax exempt" refundings are prohibited.

The proposal would allow taxpayers to have access to their IRS audit case file prior to dispute resolution hearings, ending the requirement to file requests under the Freedom of Information Act.

The bonds were used to finance the acquisition and renovation of an assisted living facility in Alabama by Dwayne Edwards, who the SEC charged with fraud last year.

Gary is trying to reduce the $8.4 million it owes to the IRS for a tax liability created when it failed to remit taxes withheld from employee paychecks.

The subsidy payments for direct-page bonds are claimed using IRS Form 8038-CP, which is a "smart form" designed to prevent entry errors.