Telephonic TEFRA Hearings Extended

Thursday, November 5, 2020

Bear in mind earlier this 12 months when the novelty of working from residence hadn’t worn off, when day-after-day wasn’t Groundhog Day, once we hadn’t run out of Netflix to look at, and once we had been all involved about easy methods to fulfill the in-person TEFRA listening to requirement for tax-exempt non-public exercise bonds within the midst of a pandemic and all kinds of Keep-at-Dwelling orders? I do know, that looks like many years in the past!

As a refresher, on Star Wars Day,[1] the IRS responded to NABL’s request for reduction from the in-person TEFRA listening to requirement within the type of Rev. Proc. 2020-21. Rev. Proc. 2020-21 permits telephonic TEFRA hearings in the course of the interval between Might 4, 2020 and December 31, 2020. Particularly, throughout this era, a governmental unit can meet the TEFRA requirement that the general public listening to be held in a handy location by affording most people entry to the listening to by toll-free phone name.[2] It’s clear that the IRS was additionally hoping that the COVID-19 pandemic could be all however a distant reminiscence by the top of 2020.

Sadly, it seems to be just like the COVID-19 pandemic might be going to be with us past December 31, 2020. So, yesterday, the IRS issued Rev. Proc. 2020-49, which extends till September 30, 2021 the interval throughout which telephonic TEFRA hearings will be held in lieu of in-person TEFRA hearings. Hopefully, we received’t be in quarantine till then.

Now again to your recurrently scheduled stalking of election protection.

[1] Or Might 4, 2020 – you possibly can select the way you need to acknowledge days in 2020.

[2] By no means have the authors of this weblog defined to so many individuals what a toll-free quantity is.