IRS INVITES COMMENT ON ARBITRAGE REBATE FORM
The Internal Revenue Service (IRS) today invited comments concerning Form 8038-T, Arbitrage Rebate and Penalty in Lieu of Arbitrage Rebate. Form 8038-T is used by issuers of tax exempt bonds to report and pay the arbitrage rebate and to elect and/or pay various penalties associated with arbitrage bonds. Written comments should be received on or before March 26, 2007. Click here for more information.
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