WASHINGTON — The Internal Revenue Service plans to ask issuers of negotiated Build America Bond transactions, in a revised “compliance-check questionnaire,” if any investors who bought their bonds in the primary market paid more than the price the bonds were initially offered at.

The IRS also will ask the issuers to provide summaries of the underwriters’ explanations for any prices paid above the initial offering price. And it will ask if the underwriters certified in writing that each maturity of a BAB issue was offered to the public “in a bona fide public offering … at the initial offering price” as well as if any of the bonds were purchased by affiliates or affiliated accounts of the dealer.

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