Tax Policy: Preliminary Data on Tax-Exempt Bonds Used to Finance Housing for the Elderly
GGD-89-7
Published: Oct 14, 1988. Publicly Released: Oct 14, 1988.
Skip to Highlights
Highlights
In response to a congressional request, GAO provided data on tax-exempt bonds issued to finance housing for the elderly.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| Internal Revenue Service | The Commissioner of Internal Revenue should require that the employer identification number of the users of qualified 501(c)(3) bonds be reported on Form 8038. With such data, IRS can make computer checks by organization to ensure they comply with IRC. |
Closed – Implemented
The revised form has been published as of October 13, 1989.
|
Full Report
Office of Public Affairs
Topics
Bonds (securities)Data collectionFederal aid for housingFederal formsHousing for the elderlyTax exempt organizationsTax exempt statusTax lawTax-exempt bondsSecurities