Client Alert

On October 1, 2015, the Tax Exempt and Governmental Entities Division of the Internal Revenue Service released its Tax Exempt and Governmental Priorities for Fiscal Year 2016.

For FY 2016, TE/GE will allocate approximately 50% of its Tax-Exempt Bond Division resources to examinations, approximately 30% to the Voluntary Compliance Agreement Program, approximately 15% to customer education and outreach and approximately 5% to direct pay bond activity.

TEB will also reinstitute a compliance check program. The Compliance Check Program will be used to measure and promote tax compliance in the municipal bond community, as well as to educate issuers and provide the IRS with information to enhance its records.  

Related Practices

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.