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The paper filing requirement for Form 8038-CP was a particular problem early in the pandemic because IRS paper processing centers were shut down from mid-March until sometime in June.September 2
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The two series are $355,730,000 Power Revenue Bonds, Series EEE, and $320,175,000 Power Revenue Bonds, Series YY.July 27
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The bond lawyer group's No. 1 suggestion is to loosen the rules governing state and local government borrowing for working capital.July 24
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PABs represented 25.4% of all tax-exempt bonds issued in 2017, up from 21.5% in 2016.June 8
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The IRS also announced temporary guidance providing relief for the calendar year 2020 regarding the reacquisition of qualified tender bonds and commercial paper.May 5
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The current IRS fee charged to most governmental entities for private letter rulings is $30,000.March 5
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The IRS has informally responded to a letter from NABL asking for a reduction in the high fee it charged for private letter rulings.February 28
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The audit involved four CUSIPs for $53.995 million in bonds issued in 2009.February 5
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The Institute on Taxation and Economic Policy in Washington as well as Americans United for Separation of Church and State are objecting to that aspect of the proposed IRS regulation.February 4
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Members of GFOA’s Debt Committee agreed Monday to form a working committee that will publicize the issues involved in the transition among the organization’s more than 21,000 members.January 28
