IRS

The IRS has closed another audit of jail bonds after they were converted to taxable.

A letter-ruling shows the IRS is flexible and helpful to a public utility.

The rules would be overly burdensome, restrictive, costly, and would hamper infrastructure projects.

The reduction is slightly smaller than 6.9% cut in the current fiscal year that ends Sept. 30.

Bank of New York Mellon Trust Company erroneously redeemed Philly school bonds

IRS agents are increasingly closing audits with no action if bonds are converted to taxable.

Taxpayers already can arrange a telephone conference instead of traveling to an IRS appeals office.

Questions have been raised about incentives provided to developer.

Treasury has targeted the proposed political subdivision rules as burdensome.

Wayne County, Michigan hopes to parlay positive credit news into savings on an upcoming jail project issue.