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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Virginia Treasurer’s Department Awards Statewide Contract to Bingham

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



Upcoming Events

Public Finance Leadership Academy Seminar

University of Georgia

February 4, 2026

North Carolina Government Finance Officers’ Association (NCGFOA) Spring 2026 Conference

Pinehurst, NC

February 15-17, 2026

Louisiana Association of School Business Officials (LASBO) Annual Conference

Lake Charles, LA

March 11-13, 2026

UNC System Finance Conference

Durham, NC

March 25-27, 2026

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