[OSSSA218] Fwd: Information on Tax Exempt Bonds

[Pamella Johnson]

Good morning:

I am forwarding an email distributed by the Federal, State and Local
Government (FSLG) division of the IRS related to sale of assets financed
with tax-exempt bonds by state and local governments and 501(c)(3)
organizations. You may find it pertinent to your entity.

Thank you.





Pamella Johnson
Oregon State Social Security Coordinator
Oregon PERS
 
503.603.7633
 


>>> Fed State & Local Governments <irs at service.govdelivery.com>
6/5/2012 9:36 AM >>>
[
http://content.govdelivery.com/bulletins/gd/USIRS-436a2e?reqfrom=share
]

IRS.gov Banner 
FSLG Newsletter June 5, 2012 
 

Useful Links:

About FSLG [ http://www.irs.gov/govt/fslg/article/0,,id=96062,00.html
]

FSLG Newsletters [
http://www.irs.gov/govt/fslg/article/0,,id=103384,00.html ]

FSLG Customer Services [
http://www.irs.gov/govt/fslg/article/0,,id=96063,00.html ]

Educational Products [
http://www.irs.gov/govt/fslg/content/0,,id=117706,00.html ]

FSLG Fact Sheets [
http://www.irs.gov/govt/fslg/content/0,,id=110150,00.html ]

FSLG FAQs [ http://www.irs.gov/govt/fslg/content/0,,id=112736,00.html
]

FSLG Tool Kit [
http://www.irs.gov/govt/fslg/article/0,,id=118003,00.html ]

More Topics [ http://www.irs.gov/govt/fslg/topic/index.html ]

________________________________________________________________________

IRS Resources

Compliance & Enforcement [ http://www.irs.gov/compliance/index.html ]

Contact My Local Office [ http://www.irs.gov/localcontacts/index.html
]

e-file [ http://www.irs.gov/efile/index.html ]

Forms & Pubs [ http://www.irs.gov/formspubs/index.html ]

Frequently Asked Questions [ http://www.irs.gov/faqs/index.html ]

News [ http://www.irs.gov/newsroom/index.html ]

Taxpayer Advocacy [ http://www.irs.gov/advocate/index.html ]

Where to File [ http://www.irs.gov/file/index.html ]

________________________________________________________________________

 
Information on Tax Exempt Bonds

The office of Federal, State and Local Governments (FSLG) strives to
provide all government entities with Federal tax information that may be
relevant to their situations. We are providing the information below on
behalf of the IRS Tax Exempt Bonds office, for the attention of
governmental officials who are involved in the tax exempt bond process
and in the sale/liquidation of assets that were financed with bond
proceeds.

*Sale** of Assets Financed with Tax-Exempt Bonds by State and Local
Governments and 501(c)(3) Organizations*

To raise needed funds, state and local governments may plan to sell
property financed with tax-exempt bonds.  The sale of such property
could cause the bond issue to become taxable.  A timely remedial action,
if necessary, will help ensure that the interest on the bond issue
remains tax-exempt.  

Tax Exempt Bonds (TEB) focuses on providing assistance to bond issuers
in understanding their tax responsibilities. TEB has initiated an
outreach and educational services program to increase understanding and
compliance with tax law applicable to tax-exempt bonds.  As part of this
service TEB is providing this article [
http://www.irs.gov/taxexemptbond/article/0,,id=257184,00.html ]
concerning the sale of property financed by tax-exempt bonds.
Governmental issuers may use this information to establish practices to
monitor tax compliance throughout the period that their bonds are
outstanding. For more information please visit the Tax Exempt Bond [
http://www.irs.gov/taxexemptbond ] website.

 

________________________________________________________________________

If you have a technical or procedural question relating to government
entities, please visit the IRS.gov Web site [
http://www.irs.gov/govt/fslg/article/0,,id=96063,00.html ].

If you have a specific question about exempt organizations, call *FSLG
Customer Account Services at 1-877-829-5500*.

Subscribe [ http://www.irs.gov/govt/fslg/article/0,,id=154827,00.html ]
to the FSLG Newsletter.

This message was distributed automatically from the mailing list FSLG.
*Please Do Not Reply To This Message*.

 
________________________________________________________________________

Update your subscriptions, modify your password or email address, or
stop subscriptions at any time on your Subscriber Preferences Page [
https://public.govdelivery.com/accounts/USIRS/subscriber/new?preferences=true
]. You will need to use your email address to log in. If you have
questions or problems with the subscription service, please contact
support at govdelivery.com.

This service is provided to you at no charge by the Internal Revenue
Service (IRS) [ http://www.irs.gov/ ].

________________________________________________________________________

This email was sent to pamella.johnson at state.or.us by: Internal Revenue
Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. ·
Washington DC 20535 Powered by GovDelivery [
http://www.govdelivery.com/portals/powered-by ]