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IRS playing hardball on abusive municipal bond deals.(TAX EXEMPTS)(tax policy of Internal Revenue Service)(Brief Article)
Kiplinger Tax Letter, The, May, 2005
Tags: Internal Revenue Service, municipal bond, tax
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The Service is playing hardball on abusive municipal bond deals:
It's threatening to tax bondholders. Normally, IRS makes a deal to let issuers pay a fine so the bonds won't lose their tax-exempt status. But officials say they are now less willing to reach such settlements. They ...
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