Tax Compliance and Audit

Experience

IRS Letter Ruling gives school district extra time to spend bond proceeds

We obtained an IRS Private Letter Ruling to allow a public school district an extension to spend qualified school construction bond proceeds. The school would have had to spend the tax advantaged bond proceeds within three years, but the Letter Ruling allowed the district additional time to spend the bond proceeds due to unforeseen circumstances outside of the school district’s control.

Falling interest rates lead to Arbitrage Rebate recovery overpayment for city

We were able to request and obtain from the IRS recovery of an arbitrage rebate overpayment for a city. Due to interest rates falling, we were able to request and recover approximately $100,000 of a rebate overpayment from the IRS. 

Arbitrage Rebate Counsel for virtually every type of tax-exempt bond financing

Arbitrage Rebate Counsel for virtually every type of tax-exempt bond financing

Served as a thought leader for shaping the firm's IRS Circular 230 strategy

Served as a thought leader for shaping the firm's IRS Circular 230 strategy

Special counsel to 501(c)(3) entities in completing Schedule K of the IRS Form 990

Special counsel to 501(c)(3) entities in completing Schedule K of the IRS Form 990

Special tax counsel to issuers and conduit borrowers in IRS bond audits

Special tax counsel to issuers and conduit borrowers in IRS bond audits

Special tax counsel to issuers and conduit borrowers IRS Voluntary Closing Agreement Program (VCAP) Requests

Special tax counsel to issuers and conduit borrowers IRS Voluntary Closing Agreement Program (VCAP) Requests