IRS Enforcement Initiative Focuses on Nonprofit Organizations' Tax-Exempt Bond Compliance Procedures
23 February 2007
The Internal Revenue Service (IRS) has announced the second stage of an enforcement initiative directed at nonprofit organizations that have used tax-exempt bond financing. Based on comments of IRS officials, we expect that the IRS will target as many as several hundred nonprofit organizations. The IRS expects to start the second stage of the initiative in the first half of 2007.
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