Client Alert

The U.S. Treasury recently released a report from the Treasury Inspector General for Tax Administration that states that the Internal Revenue Service more than doubled the number of bond examinations conducted per year from the number of examinations it conducted during previous reporting periods. The Treasury Report, which covers IRS enforcement activities of the Tax Exempt Bonds Office from FY 2005 to FY 2010, also shows that the TEB assessed more that $84 million of additional amounts for noncompliance based on bond examinations for such fiscal years. TEB assessed such amounts while also decreasing the amount of time TEB staff spends on each examination from more than 100 staff days to approximately eight staff days per examination. 

We have always been focused on finance.

  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
  • 22
    Diverse financial practices serving regional, national, and global clients
  • 6
    Offices across the country and in key US financial centers

We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Privacy Policy. By using this website you agree to our use of cookies.