Industry News

MSRB Releases Educational Resources on LIBOR and other Market indices

In the interest of helping parties in the Municiple market, The MSRB has released educational documents to help understand the relationships between the municipal markets and the indices.

SEC releases report on improvements to the Municipal Securities Market

The SEC has released a report on the state of the Municipal Securities Market detailing areas and means of improvement as well as Commisioner Walter's Remarks on the news.

IRS: BAB Subsidy Disputed

by Jennifer DePaul and Lynne Hume

IRS Tackles Mispricing In Market

by Jennifer DePaul and Lynn Hume

IRS Effort Worries Issuers

by Jennifer DePaul

IRS Taps EMMA for Bond Prices

by Lynne Hume and Jennifer DePaul

IRS Says it has 25 to 30 Open Examinations on Build America Bonds

The IRS, speaking at the American Bar Association tax-exempt financing committee’s spring meeting announced information regarding recent inquiries into Build America Bonds and released other general information about its enforcement efforts.

Municipal Bond Outflows Heaviest Seen in 20 Years Continues in February

Rush for BABs May Draw IRS Scrutiny

In an effort to get deals done before the 12/31/10 expiration of BABs, Issuers may be putting themselves at higher risk of enforcement actions by the IRS.

The death of Build America Bonds may be short lived

John Mica, House of Representatives says that “I can almost guarantee a reiteration of the Build America Bond Program”.

The IRS has expressed concern that bonds are being issued at artificially high rates, and then being sold immediately at premiums.

MuniPriceTracker Announces Bond Compliance Services for the Municipal Bond Industry

Minneapolis, MN – November 8, 2010 – The IRS is more interested than ever in verifying municipal bond pricing, particularly given the popularity of Build America Bonds and other bonds for which the federal government is responsible for paying direct tax subsidies to issuers. MuniPriceTracker offers issuers and bond counsels an efficient way to track the trading activity of all municipal bonds and to clearly demonstrate compliance with IRS regulations.

Issuers are being asked about the purchasers of their bonds

Issuers of Build America Bonds may have to wait a long time to receive their subsidy payments if they are being examined by the IRS.

Chicago District Cites Another BAB Audit

The IRS will examine secondary market trading in Build America Bonds as part of its audit process

IRS begins BAB audits

IRS Auditing Build Americas Sold by San Antonio, Chicago Agency

MuniPriceTracker Sponsors 35th NABL Workshop

MuniPriceTracker is proud to announce our sponsorship of the National Association of Bond Lawyers 35th Bond Attorneys' Workshop, October 27–29, 2010, at the Grand Hyatt San Antonio, Texas.

Issue Price At Issue For BABs

IRS Withholds, Then Releases, A New York City Build America Bond Subsidy

Build America Issuers Call IRS Look at Pricing “Over-Reaching”

SEC Examines Chicago Agency's Build America Bond Sale