Learn about updates to the market segment program; Voluntary Closing Agreement Program and other closing agreement processes; possible customer satisfaction survey; possible compliance checks and surveys; other updates.
Learn about private business use relative to 501(c)(3) organizations and their tax-advantaged financings; most common types of private business use, including: leases, management contracts, and research agreements; and the importance of compliance procedures related to private business use. Only the law concerning tax-exempt bonds will be discussed.
Learn about: Compliance Overview for Tax-Advantaged Bonds; TEB Voluntary Closing Agreement Program Overview: New Developments in TEB VCAP, including Form 14429; and TEB VCAP: Identified Violations and Resolution Standards.
Learn about arbitrage in tax-advantaged bond context; yield restriction: limits on investment yield and exceptions; arbitrage rebate; post issuance compliance: problems and remedies; voluntary Closing Agreement Program (VCAP).
A review of direct pay bonds and refundable credit payments under Section 6431 of the Internal Revenue Code, including new clean renewable energy bonds, or New CREBs, qualified energy conservation bonds, qualified zone academy bonds, or QZABs, and qualified school construction bonds. Discusses Forms 8038-CP, 8038-B, 8038-TC and 8038-G, including common errors made in their filing.