Insight Available For Tax Exempt Bond Specialists

IRS agents have long had access to continuing education courses to assist them in performing their duties. A recently released text of an IRS course on tax exempt bonds now gives practitioners a glimpse of the issues and topics on which bond agents are being trained.

While they can not be cited as authoritative literature, the CPE text does provide valuable insight. The course covers the following (follow the hyperlinks to the actual documents):

Technical Topics

Best Practices:

  • Valuation of Government Securities - Yield Burning - A discussion of the valuation of the Treasury securities purchased for an advance refunding escrow and the effect an improper valuation may have on the tax-exempt status of the advance refunding issue.

  • Tax-Exempt Bond Returns - Highlights of the recent form changes made to the various tax-exempt bond returns.

Compliance Initiatives and Current Developments: