Monthly Archives

February 2011

Local Governments and Special Districts
February 22, 2011

Municipal Bonds

Municipal Bonds (“Muni bonds”) are financial instruments used by communities to pay for public purposes such as necessary government services and desirable community facilities. For example, as a community, we vote for necessary subdivisions of local government to provide for roads, water and sanitation, schools, police and fire protection districts,…
Read More
IRS Seizures
February 6, 2011

IRS LIEN AND IRS LEVY – CHARITABLE ORGANIZATIONS

A not-for-profit charitable organization which had failed to pay over its withholding taxes was seized by the IRS. Charitable donations plummeted. The services provided by the organization diminished and the needs of the poor who relied on such services could not immediately be attenuated. Reliance on donations is difficult. Alienation…
Read More