WASHINGTON A New Hampshire issuer is moving toward appealing, and asking the IRS's tax-exempt bond office to revisit, its conclusion that $720 million of student-loan bonds are taxable.
The case, which involves the New Hampshire Health and Education Facilities Authority, is likely to be closely watched by student loan bond issuers that reallocated loans to bonds other than the ones that financed them and have not settled alleged tax law violations with the Internal Revenue Service, said Tom Vander Molen, a tax partner at Dorsey & Whitney in Minneapolis who is not involved in the audit.
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