Bond Compliance Services
ACS’ team of Arbitrage Professionals, CPA's and Tax Attorney expertly handle all facets of arbitrage services and bond compliance calculations including:
Arbitrage Rebate Calculations
Yield Restriction Calculations
Spending Exception Calculations
Penalty-in-Lieu of Rebate Calculations
Private Business Use Compliance Reviews
Schedule K of IRS Form 990 Reviews
IRS Voluntary Closing Agreement Program (VCAP)
We do more than just calculation services: We provide bond compliance services throughout the entire life cycle of each debt issue beginning with the preliminary planning stage of a debt issuance, continuing through the calculation process and ending with support services. ACS' life-cycle approach to arbitrage services includes:
- ACS experts review bond documents to ensure that statutory elections were correctly adopted/declined.
Legal review – ACS’ tax attorney analyzes each debt issue to determine the applicable exceptions and bond compliance calculation requirements.
Compliance Calculations – Our team of CPA's ensure that all bond compliance calculations are performed on-time and compute the lowest allowable liability as allowed under the Internal Revenue Code and Treasury Regulations.
IRS Audit Defense – 100% track record on successfully defending our clients in IRS audits.
Policy and Procedure Bond Compliance Manual – In use by over 800 governments. In September 2016 NABL released a primer on Considerations for Developing Post-Issuance Tax Procedures. Additional support regarding procedures can be found on the GFOA website under the heading - Developing and Implementing Procedures for Post-Issuance Tax Compliance for Issuers of Governmental Bonds.
Bond Compliance Training – On-site or web-based training modules. See Education Center.
Proprietary Compliance Database System – ACS’ Bond Management System tracks and provides notifications of impending deadlines.
Record Retention Services – Storage of bond and investment records to satisfy the IRS’ record retention requirements.