Compliance Guide.
6 Aug 2017 As part of that service, TEB is providing the following basic information for issuers of tax-advantaged bonds with respect to their post-issuance compliance requirements. Issuers may use this basic information to establish due diligence practices to monitor tax compliance throughout the period that their
Today we'll be discussing how post-issuance compliance is integrated throughout TEB's programs. Next, we'll give examples of how post-issuance compliance applies to private business use rules, arbitrage, and record retention, and we'll introduce our revised examination guide found in Internal Revenue Manual, IRM,
It is essential that borrowers develop and maintain a robust post-issuance compliance program to track their compliance with all applicable requirements. The Internal Revenue Service (“IRS") recommends that material tax records be retained for the life of a bond issue, plus three years. Borrowers that have effective
1 Oct 2014 a post-issuance tax compliance program. Failing to comply with federal tax law requirements could result in losing the tax-exempt status of the bonds. Implementing a post-issu- ance tax compliance program requires a focus on hardware, software, policies, culture, staff, and resources. Because.
Further, the Internal Revenue Service (“IRS") recommends that material tax records be retained for the life of a bond issue, plus three years. A few examples of the many post-issuance compliance responsibilities a borrower may have include: Tracking that proceeds of a bond issuance are spent on qualified tax-exempt
28 Jan 2016 "Control risk" is the risk that a material misstatement in the books and records could occur and not be detected by the business's internal control structure, policies, or procedures. For example, an issuer that adopts and implements post-issuance compliance procedures that effectively and regularly monitor
If an issuer fails to meet applicable federal tax rules, the IRS can declare the interest on the bonds to be taxable, although the IRS has not frequently done so. In connection with these enforcement efforts, the IRS has encouraged issuers to develop post-issuance compliance policies and procedures to help detect and correct

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February 2018