This session addressed federal securities laws applicable to municipal bonds.
Deanna L.S. Gregory, Pacifica Law Group LLP, Seattle, WA
Teri M. Guarnaccia, Ballard Spahr LLP, Baltimore, MD
James F. McDonald, City of Chicago Department of Law, Chicago, IL
Glenn E. Weinstein, Miller, Canfield, Paddock and Stone, P.L.C., Chicago, IL
General Tax Law
This session introduced federal tax laws governing municipal bonds.
Barbara Jane League, Orrick, Herrington & Sutcliffe LLP, Houston, TX
Darren C. McHugh, Hunton Andrews Kurth LLP, Austin, TX
Brian P. Teaff, Bracewell LLP, Houston, TX
IRS Issues and Enforcement
This session provided an overview of IRS enforcement of tax-exempt municipal bonds, including: compliance questionnaires, voluntary closing agreement program ("VCAP"), and audits. This session also provided a look into how the IRS is organized, what constitutes "guidance" from the IRS and how it is issued, how to obtain private letter ruling, how to participate in VCAP, rights and remedies of issuers of tax-exempt municipal bonds in the event of an audit, and other issues related to IRS enforcement requirements.
Luisella Perri, Holland & Knight LLP, Washington, DC
John F. Stanley, Orrick, Herrington & Sutcliffe LLP, San Francisco, CA