Tax-Exempt Bond Compliance Reporting Given A Mixed Grade By IRS

The IRS Tax Exempt Government Entities Division has published a final report on its Tax-Exempt Charitable Financings Compliance Check Questionnaire and Governmental Bond Financings Compliance Check Questionnaire projects. The projects principally evaluated whether IRC section 501(c)(3) organizations and governmental bond issuers generally have a sufficient level of knowledge of the post-issuance tax compliance requirements applicable to their tax-exempt obligations. In addition, the questionnaires asked governmental issuers and 501(c)(3) organizations about their compliance training programs for individuals responsible for monitoring post-issuance compliance of tax-exempt bond financings. See www.irs.gov/taxexemptbond/index.html.