IRS

Monday’s announcement came at the halfway mark of fiscal 2021 after only one other priority -- arbitrage violations -- had been announced since the Oct. 1 start of the federal fiscal year.

Other detention centers and prisons operating near the U.S.-Mexico border have undergone similar IRS audits the last couple of years in which issuers have agreed to convert their bonds from tax-exempt to taxable.

The public notice filed on EMMA is the first report by any issuer in calendar 2021 of any type of IRS audit communication.

Nineteen states recognized delayed payments due to last year's IRS delay in the tax deadline to July 15.

Because the IRS changed filing dates for income tax returns as a result of the coronoavirus , Georgia's net tax collections surged 42% last month.

An influential voice said this week that an increase in the cost of private letter rulings is inconsistent with the Taxpayer Bill of Rights adopted by the IRS in 2014.

Responsible, limited changes in the tax code and IRS regulations could go a long way toward economic recovery where needed most to deal with the pandemic.

The IRS Tax Exempt Bond unit closed nearly 300 cases instead of attaining its earlier goal of around 500 cases.

This pandemic-related waiver from a handwritten signature extends through June 30 of this year.

Bond attorneys said the new rules fill in some holes because the IRS previously only had a process for tax-exempt bonds.