IRS Advice on Simplified VCAP Process and Additional Requirements for Charitable Hospitals
![IRS Advice on Simplified VCAP Process and Additional Requirements for Charitable Hospitals](/media/1620/taxing-subjects-archives.jpg?anchor=center&mode=crop&width=1024&height=576&rnd=131666233400000000)
Announcement 2015-2 provides a simplified VCAP process for issuers of qualified 501(c)(3) bonds, as defined in the Announcement, to request a closing agreement in situations in which the borrower of…