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.

Blog

Best Practices for Arbitrage Rebate Compliance

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


Is It Arbitrage Rebate? Or Yield Restriction?

Post issuance compliance is a complex arena with multiple facets to explanations. This is why…


Six Easy Tips for a Smooth Arbitrage Rebate Calculation

The Internal Revenue Code was not written to be read easily. Honestly, some lawyers might admit…


Post Issuance Compliance in a Rising Interest Rate Environment

In recent years, low interest rates have essentially mitigated any realization of positive net…



Upcoming Events

Georgia Association of School Business Officials (GASBO) Annual Conference

Augusta, GA

November 8-11, 2022

In-Person Conference Event

North Carolina GFOA Fall Conference

Asheville, NC

November 13-15, 2022

In-Person Conference Event

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North Carolina GFOA Spring Conference

Durham, NC

March 1-3, 2023

In-Person Conference Event

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