Note:

These examples are not intended to be all inclusive.

The following TEB examples would result in a no change (i.e., DC 02/107) (assuming there are no other issues), not a change due to correction of operations (i.e., DC 52/214), in situations such as:

The examiner finds that a payment of rebate will likely be due for the first computation date. However, the first date for payment of rebate hasn’t occurred, and there were no corrections made during the examination.

The examination shows that an incorrect bond yield calculation. The bond yield adjustment didn’t affect arbitrage rebate or yield restrictions for the first computation period.

The examination shows that the taxpayer didn’t timely allocate bond proceeds to expenditures. However, there were no proposed compliance changes and no corrections made during the examination to ensure timely allocations.

The examiner finds the return didn’t have an attached copy of the volume cap allocation for the bonds and doesn’t secure it.

The taxpayer filed the return using an incorrect employer identification number.