Expert Arbitrage Rebate Calculation & Bond Compliance Services 

Firm Overview

Arbitrage Compliance Specialists, Inc. ("ACS") is an independently owned firm specializing in Arbitrage Services, including Rebate Reporting, Continuing Disclosure and more.

Born out of PricewaterhouseCoopers, ACS' founders have been at the forefront of every advance and reform of the Tax Code since 1986.

ACS At A Glance:

  • Over 99% client retention rate
  • Over 1,600 municipal clients with debt portfolios of all sizes
  • Over 17,000 debt issues
  • Over $59 Billion in total outstanding principal value
  • Over 48,000 calculations performed since 1986

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Contact Us | 800.672.9993

Services Overview

ACS' CPA's and Tax Attorney expertly handle all facets of bond compliance and arbitrage services including:

  • Arbitrage Rebate Calculations
  • Yield Reduction/Restriction Calculations
  • Spending Exception Calculations
  • Penalty-in-Lieu of Rebate Calculations
  • Legal Reviews
  • IRS Audit Defense
  • Rebate Minimization
  • SWAP Transactions
  • Record Retention Services

ACS' Client Services Team routinely advises issuers on complex topics related to arbitrage services including:

  • Debt Analysis
  • Private Activity
  • Tax Credit Bonds
  • Pooled Financing
  • Penalty Election
  • Policy and Procedure Bond Compliance Manual
  • Bond Compliance Training
  • Client Education

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