The freely available Adobe Acrobat Reader software is required to view, print, and search the rulings and memoranda listed below. ILM 200610018 (02/03/06) PDF The IRS can impose IRC 6700 penalty on a party to a bond transaction that made or furnished or caused to be made or furnished, a false or fraudulent statement regarding the tax benefit of the transaction. FSA200129011 PDF Is the Internal Revenue Service precluded from asserting a penalty under I.R.C. §6700 against an attorney (bond counsel) who rendered false or fraudulent advice with respect to government mortgage revenue bonds if the Service decided not to pursue an audit to determine whether the bonds satisfied the requirements of section 103(a)?
