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Given the potential downgrades to some state GOs, essential service revenue bonds could outperform GOs.
FORBES: High-Quality Corporate Paper Draws Interest As Demand Creeps Back
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In addition, securitisers face probes by several state attorneys-general, the Internal Revenue Service, the Federal Bureau of Investigation, the Securities and Exchange Commission and the Justice Department, as well as lawsuits from investors and a rising number of stricken municipalities.
ECONOMIST: Securitisation
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The bureau provided no details, saying only that its field office in Seattle had worked throughout the weekend and Monday with Microsoft representatives and agents of the Secret Service, the Internal Revenue Service, the Washington State Police, and the Seattle Police.
CNN: Sasser worm rips through Internet
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And for those of you who frequent Las Vegas or take a chance on state lottery tickets on a regular basis, the Internal Revenue Service requires that you report the full amount of your gambling winnings as income on line 21 of your 1040.
FORBES: Most Overlooked Deductions
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The strike at the state oil producer, PDVSA, means the government has insufficient revenue to service its debts, reckons J.
ECONOMIST: Riding for a fall
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The state agreement is with the State of North Carolina, and the federal pact is with the Internal Revenue Service (IRS).
FORBES: eSignature Serves The Public Sector
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The Internal Revenue Service does not determine your marital status: that is determined by state law.
FORBES: Ask the taxgirl: Marital Status and the Earned Income Tax Credit
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The Internal Revenue Service has a low-profile but sweeping effort under way to use state land-transfer records for evidence of omissions in reporting gifts of real estate to family members.
WSJ: IRS Scrutinizes Gifts of Real Estate
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Combined, these job losses in the manufacturing and the service sectors, put serious strains on federal, state, and local budgets because of the lost tax revenue.
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