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IRS Extends Carrot to Issuers of Tax-Advantaged Bonds to Encourage Adoption of Post-Issuance Compliance Procedures

By Vanessa Albert Lowry and Carla A. Young On August 5, 2011, the IRS released new internal guidance for specialists working in its voluntary closing agreement program (VCAP). This guidance includes elements designed to promote IRS-wide efforts to encourage issuers to develop and adopt post-issuance...

IRS Extends Carrot to Issuers of Tax-Advantaged Bonds to Encourage Adoption of Post-Issuance Compliance Procedures

By Vanessa Albert Lowry and Carla A. Young On August 5, 2011, the IRS released new internal guidance for specialists working in its voluntary closing agreement program (VCAP). This guidance includes elements designed to promote IRS-wide efforts to encourage issuers to develop and adopt post-issuance...