IRS Form 14429 Tax Exempt Bonds Voluntary Closing Agreement Program Request

What Is IRS Form 14429?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on March 1, 2013. As of today, no separate filing guidelines for the form are provided by the IRS.

FAQ

Q: What is IRS Form 14429?A: IRS Form 14429 is a form used for requesting participation in the Tax Exempt Bonds Voluntary Closing Agreement Program.

Q: What is the Tax Exempt Bonds Voluntary Closing Agreement Program?A: The Tax Exempt Bonds Voluntary Closing Agreement Program is a program offered by the IRS that allows issuers of tax-exempt bonds to resolve certain compliance issues.

Q: Who can use IRS Form 14429?A: IRS Form 14429 can be used by issuers of tax-exempt bonds who wish to participate in the Voluntary Closing Agreement Program.

Q: What is the purpose of the Voluntary Closing Agreement Program?A: The purpose of the Voluntary Closing Agreement Program is to help issuers of tax-exempt bonds correct compliance issues and avoid potential tax consequences.

Q: How do I submit IRS Form 14429?A: IRS Form 14429 should be completed and submitted according to the instructions provided by the IRS.

Q: Are there any fees associated with participating in the Voluntary Closing Agreement Program?A: Yes, there are fees associated with participating in the Voluntary Closing Agreement Program. The specific fees are outlined in the program's guidelines.

Q: What compliance issues can be resolved through the Voluntary Closing Agreement Program?A: The Voluntary Closing Agreement Program can be used to resolve various compliance issues related to tax-exempt bonds, such as arbitrage, yield restriction, and issue price violations.

Q: Can the Voluntary Closing Agreement Program be used for all types of tax-exempt bonds?A: Yes, the Voluntary Closing Agreement Program can be used for all types of tax-exempt bonds, including governmental and private activity bonds.

Q: Is participating in the Voluntary Closing Agreement Program mandatory?A: Participating in the Voluntary Closing Agreement Program is voluntary and not mandatory for issuers of tax-exempt bonds.