The IRS has announced plans to send a questionnaire to all entities that issued Direct Pay Build America Bonds (BABs) in 2009.  Direct Pay means the issuer receives the 35% interest subsidy from Federal Government.  The IRS has stated its intent with the questionnaire is to"evaluate the post-issuance and record retention policies, procedures and practices of issuers" of BABs.

A copy of the questionnaire can be found below and additional information is on the IRS's website at the following link: IRS Launches Compliance Check on Direct Pay Build America Bonds.

If you receive this questionnaire, feel free to contact us and we can step you through the responses.