WASHINGTON - The Internal Revenue Service has determined that the interest earnings from seven black box bond issues are taxable, the trustee bank told hundreds of bondholders in recent notices.

The IRS has not moved to tax the interest earnings from the seven black issues, which were sold in December 1985 for two local issuers in Missouri, the St. Louis County Industrial Development Authority, and the Springfield Industrial Development Authority.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.