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.

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

Office Illustration

Bingham’s office – located in the historic Uptown of Richmond, Virginia.


Is It Arbitrage Rebate? Or Yield Restriction?

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

Six Easy Tips for a Smooth Arbitrage Rebate Calculation

Exactly how does a tax-exempt debt issuer prepare to meet the complexity of post-issuance…

Post Issuance Compliance in a Rising Interest Rate Environment

Arbitrage earnings are beginning to return after nearly a ten year absence.

Upcoming Events

VGFOA Conference

Richmond, VA

October 9 – 11, 2019

NCGFOA Fall Conference

Winston-Salem, NC

October 10-11, 2019

Tax-Exempt Bond Compliance Conference

Orlando, FL

December 9 – December 11, 2019

NCGFOA Spring Conference

Durham, NC

March 4-6, 2020