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- Title
IRS Proposes Additional Eligibility Requirements for Tender Option Bond Trusts.
- Authors
Nirenberg, David Z.; Kopp, Steven L.; Kim, Sharon
- Abstract
The article discusses the proposal of the Internal Revenue Service (IRS) to revise the eligibility requirements for tender options bond (TOB) trusts in the U.S. The proposal introduces more specific requirements for TOBs such as specified termination event and five percent minimum gain share for variable interest rate holders. Potential operative consequences of the proposal and historical development of TOBs programs are explored.
- Subjects
UNITED States; OPTIONS (Finance); BONDS (Finance); DERIVATIVE securities; UNITED States. Internal Revenue Service; VARIABLE interest rates
- Publication
Journal of Taxation of Financial Products, 2008, Vol 7, Issue 4, p15
- ISSN
1529-9287
- Publication type
Article