New material from the Internal Revenue Service (IRS) provides a more clear and notable view of the importance the IRS attaches to “post-issuance compliance” (PIC) related to tax-exempt bond matters or tax credit bonds. These materials include a summary checklist for PIC procedures, new standards for settlement under the Voluntary Closing Agreement Program—many with tight deadlines that issuers are more likely to meet if they have regular internal review under a PIC procedure—and new reporting procedures for Form 8038 and Form 990.

Developments in PIC are important to bond lawyers, financial advisers, investment bankers, issuers, and borrowers. We will review certain of these developments in depth during a videoconference seminar to discuss Schedule K of Form 990 at 1 p.m. Eastern time on Monday, October 24, 2011. If you would be interested in participating, either in person or by videoconference at one of Ballard Spahr LLP’s offices or by conference call, please click here

For more information about PIC developments, click here.

For more information, please contact any member of Ballard Spahr’s Tax Group.  

Copyright © 2011 by Ballard Spahr LLP.
(No claim to original U.S. government material.)


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