Tax exempt bonds: IRS examinations are coming. Will your organization be ready?
The Non-profit Times › August 01, 2006
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Tax exempt bonds: IRS examinations are coming. Will your organization be ready?
The Internal Revenue Service (IRS) recently announced the beginning of an examination program focused on issuers (and conduit borrowers--indirectly) of tax-exempt bonds. The audits are set to begin this summer.
In addition, the IRS has sent a number of questionnaires to hospitals. While these do not contain questions on bond financing, if the IRS follows up with examinations, bond compliance could be an issue. If your organization has previously received the proceeds from tax-exempt bonds, you should ensure that sub...See the full content of this document
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