Published guidance for tax-advantaged bonds, including tax-exempt, tax credit and direct pay bonds. Announcements Issued guidance regarding changes in the administration of the tax laws (such as the publication of a new form or the implementation of temporary programs). The provided materials relate specifically to tax-exempt bonds. Internal Revenue Manual (IRM) Materials Relating to Tax Exempt Bonds The IRM contains the policies, procedural instructions and guidelines used by the Internal Revenue Service. The provided materials relate specifically to tax-exempt bonds. Notices Issued guidance regarding proposed procedural changes. Notices also request public comment with respect to the administration of the tax laws. The provided materials relate specifically to tax-exempt bonds. Priority Guidance Plans These plans contain projects that are priorities during a specified twelve-month period. These plans also address a variety of issues, including recent legislation, the current economic environment, and important international issues. Revenue Procedures Issued guidance regarding matters of procedural importance with respect to the administration of the tax laws. The provided materials relate specifically to tax-exempt bonds. Revenue Rulings A revenue ruling is an official interpretation by the Service of the Internal Revenue Code, related statutes, tax treaties, and regulations. It is the conclusion of the Service on how the law is applied to a specific set of facts. Treasury Regulations Issued guidance regarding the Service's position with respect to how the Internal Revenue Code is to be interpreted. The provided materials relate specifically to tax-exempt bonds. Private Letter Rulings, Technical Advice Memoranda and Field Service Advice Memoranda involving Tax Exempt Bond Issues Copies of recently released redacted private letter rulings, technical advice and field service advice memoranda from the Office of Associate Chief Counsel (TE/GE). Legislation Affecting Bonds Bond provisions and related guidance Index of Applicable Federal Rates (AFRs) Each month, the IRS provides various prescribed rates for federal income tax purposes. These rates, known as Applicable Federal Rates, or AFRs, are regularly published as Revenue Rulings. The Revenue Rulings containing current and recent-past AFRs are available here in Adobe PDF format.
