WASHINGTON -- The SEC is supplying the Internal Revenue Service with useful case information and helping to train IRS field agents as part of the agencies' efforts to coordinate their enforcement of tax-exempt bond rules, an IRS official said yesterday.

"Both agencies are working together as closely as possible, so we are seeing now the beginnings of a nice flow of information from the Securities and Exchange Commission field offices to the IRS field offices, which should help us better direct our audit program," said Marcus Owens, the director of the IRS' exempt organizations division.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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