- GASB Clarifies Guidance on Majority Equity Interests.
- Rising Rates on Wall Street Loans Push States to End Swap Deals.
- Tax Increment Finance: Innovation & Trends
- MSRB Request for Comment on Draft Interpretive Guidance on Pennying and Draft Amendments to Existing Guidance on Best Execution.
- Why MSRB is Concerned About `Pennying’
- Disaster Recovery Bond Financing: Considerations for Congress
- How Munis Could Play a Role in Disaster Legislation.
- Smart Beta ETFs Take on the $3.8 Trillion Municipal Bond Market.
- What ‘Adult Entertainment,’ Puerto Rico And Chapter 9 Bankruptcy Have In Common.
- And finally, Just a Minor Discrepancy (Can’t We All Get Along?) is brought to us this week by PBBM-Rose Hill, Limited v. Commissioner of Internal Revenue, in which landowner was shocked to find itself facing a gross valuation misstatement penalty by the IRS in what appeared to be a minor valuation squabble. After all, what’s be big deal here? The IRS determined that the landowner could deduct $100k for a conservation easement, while the landowner claimed a deduction of $151,600. Certainly, reasonable minds could…. Oh, we need more zeros, you say? Ok. How many? Two? Hang on, gotta move a couple commas… So we’re talking $15,160,000? As in millions? Oh, that is more.
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