Internal Revenue Service officials Thursday said that there are no plans to audit up to half of all Build America Bond deals, backing away from remarks they made last week.
In an apparent concession to issuers concerned that such an expansive enforcement program might discourage states and localities from selling the taxable BABs, the officials now are saying that it is far too premature to know how many of the transactions may be audited.
Friday, June 04, 2010
IRS Backtracks on Auditing Up to Half of All BAB Deals
The Bond Buyer reports:
