The IRS publicly released on August 21, 2007 the "Tax-Exempt Bond Financings Compliance Check Questionnaire," which it is sending by the end of August 2007 to 200 exempt organizations that have tax-exempt bonds outstanding. The purpose of the compliance check is to help the IRS evaluate the adequacy of procedures and practices Section 501(c)(3) organizations have in place to establish and maintain compliance with the federal tax-exempt bond rules.
To read more information, please refer to this Mintz Levin Public Finance Alert.
Please see full publication below for more information.
