Note:

There may be circumstances that warrant referring a bondholder or other party to the transaction to another business unit under current referral procedures. Consider, among other factors, whether the bondholder holds a significant amount or percentage of the bonds. Consult your manager to determine if a referral is warranted.

If your manager concurs and the PM approves closing the case pursuant to this subsection, and there is no indication that there is a compliance problem with the bonds:

Issue closing letter (Letter 649, Examination Closed -, No Change)

Close on RCCMS with disposal code 107, No Change.

This resolution method does not apply if:

The bonds are redeemed with other tax-advantaged bonds.

The bonds are direct pay bonds.

The issuer did not make appropriate rebate payments on the bonds.

The issuer asks to negotiate or enter into a closing agreement. (See IRM 4.70.14.2.1.5.9, Tax Exempt Bonds Closing Agreements, if they request a closing agreement.)