WASHINGTON — The Internal Revenue Service’s initiative to determine whether municipal bonds are being initially offered at prices that fail to comply with tax requirements has left issuers upset and confused about the definition of issue price and what specific abuses the IRS is looking for.
IRS officials recently disclosed that they have formed a seven-person team that is using the online EMMA system and other data from the Municipal Securities Rulemaking Board to monitor bond prices.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access