From Name:
From Email:
To Name:
To Email:

Optional Message:


US IRS audits of tax-exempt bonds up, tax recovered down-agency

from Reuters

The U.S. Internal Revenue Service more than doubled its audits of tax-exempt municipal bonds from fiscal year 2005 to 2010, but the amount of taxes collected as a result of the audits declined. The tax-collecting agency increased staff to do the audits and spends "substantial" time auditing bonds that are meeting their tax-exempt requirements, resulting in no new taxes collected, according to a report from the Treasury Inspector General for Tax Administration. more


Powered by MultiBriefs
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063