Avoid Unnecessary IRS Penalties with Bingham’s Expertise

What We Do

As an issuer of tax-exempt bonds, or an obligated party in a tax-exempt issue, Bingham’s expertise can help you navigate the complexities of arbitrage rebate compliance.

Arbitrage is any interest or value earned over the declared yield of a tax-exempt bond issue as defined by Internal Revenue Code Section 103 and Section 148. Bingham’s experienced professionals can determine the amount, if any, that must be rebated (paid) to the Federal Government. Even if your issue does not earn arbitrage, the calculation is required at least every five years over the life of the issue.

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You have questions. Bingham has answers. We are here to help with all of your Pre-Issuance and Post-Issuance Compliance needs.

  • Verification
  • Yield Restriction
  • Arbitrage Rebate
  • Post-Issuance Compliance
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Bingham’s office – located in the historic Uptown of Richmond, Virginia.

News & Info

Arbitrage Rebate? It’s BACK!!

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Rising Rates Are Creating Arbitrage Rebate Liabilities!

Arbitrage Rebate is not a bad thing!  It is also NOT a four-letter word!  Many tax-exempt issuers…


Virginia Treasurer’s Department Awards Statewide Contract to Bingham

Following a competitive request for proposals, the Virginia Department of the Treasury recently…


Best Practices for Arbitrage Rebate Compliance

Tax-exempt debt issuers must have a written post issuance compliance program as part of their debt…



Upcoming Events

Virginia Government Finance Officers Association (VGFOA) Spring Conference

Williamsburg, VA

May 7-9, 2025

Georgia Accounting Information Network Support (GAINS) 2025 Conference

Savannah, GA

May 7-9, 2025

Maryland Government Finance Officers Association (MDGFOA) 2025 Summer Conference

Ocean City, MD

June 11-13, 2025

Government Finance Officers Association (GFOA) National Conference

Washington, DC

June 29 – July 2, 2025

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