The IRS provides additional guidance on the type of remedial action that issuers may take to preserve the tax-advantaged status when there is an occurrence of “nonqualified uses” of bond proceeds.
May 03, 2018
On August 22, 2016, the Internal Revenue Service released Revenue Procedure 2016-44...
September 12, 2016
In November 2014, a New York federal court reversed a bankruptcy decision, ordering Salander-O'Reilly Galleries to return Boticelli's "Madonna and Child" to its lender and consignor, Kraken Investments Limited.
January 13, 2015