Quote:
Originally Posted by SteveZ
At the greatest possible extent, there is tax on bond interest, and that is truly negotiable as IRS' hands are not squeaky clean here.
What is lousy (and mighty peculiar) is that, for whatever reasons, this becomes an IRS matter so many years after the bonds were issued and sold.
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Can you elaborate on why the IRS' hands are not squeaky clean? Is it possible that the IRS agents back in 2003 could have been pressured to "back off" of this investigation then? If I recall, the IRS, while supposedly not finding direct violations, did hint that they still had concerns about how these bonds were being issued?
I too, have not been concerned to the point where I would leave TV. but I would never assume it's impossible that much more in the way of $ could be at stake in the future, especially if this becomes a "urinating" contest between the two parties.
