ERIC Number: EJ650410
Record Type: Journal
Publication Date: 2002
Reference Count: N/A
Arbitrage Rebate Compliance: Recent IRS Scrutiny of School Districts.
Given, Lynda K.; Gurrola, George E.; Richardson, James R.
School Business Affairs, v68 n7 p18-22 Jul-Aug 2002
Describes rules and procedures school districts must follow to comply with IRS arbitrage and rebate rules and exceptions on profits derived from investing yields of tax-exempt bonds in a higher yielding account. Describes consequences of noncompliance and seven ways to be prepared for an IRS audit--for example, answering the IRS promptly. (PKP)
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A