Ms. Janet Sacks started her arbitrage rebate career in 1986 while working for PricewaterhouseCoopers, LLP (formerly Price Waterhouse). Due to her unparalleled understanding of the complex nature of tax-exempt debt, governmental accounting and the complications of post-issuance compliance, Ms. Sacks was requested by the U.S. Congress to take part in the Beryl Anthony Public Finance Commission which was charged with overhauling the Tax Code. As an original member of this bipartisan commission, Ms. Sacks advised U.S. Congress on the construction of Section 148(f) of the Tax Code which provides the arbitrage rebate calculation methodology that is used today.
Ms. Sacks developed the proprietary ACS computational paradigm which employs the most current calculation methodologies: uncommingling, allocations, cascading cash flow models and recreating forensic accounting records. Ms. Sacks’ expertise is utilized in performing the final director level review on arbitrage rebate and yield restriction reports to ensure the most favorable treatment of the Tax Code has been applied, as permitted by law.
As an industry founder, Ms. Sacks is highly regarded in the field of arbitrage compliance and a speaker for national agencies including the Internal Revenue Service, Securities and Exchange Commission, National Association of Bond Lawyers, numerous governmental organizations as well as state and local Government Finance Officer’s Associations.
Bachelor of Arts Degree
Masters of Science: Accounting, Finance
Areas of Expertise:
Advisor to U.S. Congress | Final Report Review | Procedural Integrity | Rebate Minimization Client Relation Management | IRS Audit Defense Team | Quality Assurance | Tax Credit Bonds | All Issuers