TEB released updates to IRM section 7.2.3, TEB Voluntary Closing Agreement Program, and IRM section 4.81.6, TEB Closing Agreements. These updates include additional TEB VCAP resolution standards for tax-exempt bonds and direct pay bonds as well as a new provision allowing reduced closing agreement amounts for issuers who implement written post-issuance compliance procedures. For more information about these updates visit Information for the Tax Exempt Bond Community.

TEB also released web-based educational resources providing basic information about post-issuance compliance and voluntary compliance programs available to help issuers ensure the preferential tax status of their bonds. To access these educational resources visit TEB Post-Issuance Compliance and TEB Voluntary Compliance.

If you have a specific question about Tax Exempt Bonds, call Tax Exempt Bond Customer Service at 1-877-829-5500.

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