IRS

Over $15 million in utility revenue bonds have been called into question.

The public finance industry has been tracking the growth of the IRS budget with concerns that funding boosts would translate into higher audit rates for bond transactions.

The new rules are expected to boost bond issuance.

New laws, fines and agencies leveraging AI are poised to impact the munis industry throughout 2024.

A 2017 issuance is in danger of losing its tax-exempt status.

The Education Finance Council is seeking clarification on bond rules related to student loans.

Arbitrage is in play, IRS budget boost is uncertain, stepped-up enforcement concerns remain

The IRS concluded the examination of an advance refunding of capital improvement funds with no change to the bonds' tax-exempt status.

The issuer said it pans to discuss the matter with the IRS.

Current interest rates offer arbitrage opportunities and challenges to bond issuers.