Client Alert
The Internal Revenue Service has announced that it will begin to include questions concerning post-issuance compliance procedures and the implementation of such procedures in the information document requests that it sends to issuers of tax-exempt and tax-advantaged bonds. “Tax-advantaged bonds” include build America bonds and tax credit bonds, such as Qualified Zone Academy Bonds. The IRS sends an “information document request” to an issuer on Form 4564, Information Document Request, when a bond issue is under examination.