Washington

If the workarounds states are using by creating charitable foundations as a way to pay property taxes or state and local income taxes are legal, Suffolk County Executive Steven Bellone said it’s up to Congress to decide whether to end them.

The IRS announcement of an advisory committee shuffle has some lawyers nervous.

Public finance cases represented 3% of the SEC's enforcement actions the past fiscal year.

Most state and local governments are concerned the ceiling will make it harder to raise taxes to pay for public services and infrastructure.

Next month's event may also give attendees a rare chance to hear about muni issues directly from every commissioner.

Three areas are new additions to the work plan of the Tax Exempt and Government Entities Business Operating Division, IRS officials said.

FINRA found, and the SEC upheld, muni and other rule that violations Thaddeus North failed to prevent as chief compliance officer.

The Treasury Department Inspector General for Tax Administration plans to audit the IRS' use of a much-feared enforcement tool under which it can impose penalties for the misconduct of municipal bond transaction participants such as underwriters, lawyers, municipal advisors or their firms.

The memo appears to respond to a March 29 written request by the National Association of Bond Lawyers to Christie Jacobs, director of the IRS Indian Tribal Governments/Tax Exempt Bonds Office to clarify the new law.

The defense team accused the SEC of a "gross abuse of power."