The article reports on the implications of an Internal Revenue Service (IRS) audit of bonds issued concerning a continuing care retirement communities (CCRCs) in Montana in 2009. The issue concerns whether refundable entrance fees common to CCRCs are replacement proceeds, whose investment must be ...
It states that the appeal is intended to prove Montana's interest in pursuing the care retirement facilities. It notes that the proceeding comes after IRS' allegations concerning the refundable entrance fees whose investment should have been yield-restricted from abitrary purposes.Schroeder...