IRS Announces FY 2014 Sequester Reduction Rate for Qualified Refundable Credit Bonds

Refundable credit payments processed on or after Oct. 1, 2013, and on or before Sept. 30, 2014, will be reduced by a sequestration rate of 7.2% for issuers of various bonds that elected to receive a direct credit subsidy under Sec. 6431.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/vQb-YlaXie0/clinic-story-02.aspx

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