WASHINGTON - A lawsuit filed in the U.S. Tax Court by a bondholder over Whitewater Garden bonds will have a major impact on the tax status of more than 30 other bond issues the Internal Revenue Service is investigating, the IRS said late last month.

The IRS made the statement in a successful motion that asked the court not to consider the lawsuit that Harbor Bancorp & Subsidiaries filed against it on Oct. 29 as a "small tax case" so that the court's decision in the case would be precedent setting.

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