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TAS welcomes new National Taxpayer Advocate, Erin M. Collins

  The Taxpayer Advocate Service (TAS) is pleased to announce that Erin M. Collins has joined the Taxpayer Advocate today as the new National Taxpayer Advocate. Erin has more than 30 years of ...

NTA Blog: TAS is open and ready to virtually serve taxpayers

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from Acting National Taxpayer Advocate Bridget T. Roberts. Additional blogs can be found at www.taxpayeradvocate.irs....

COVID-19: Tax Updates

GET HELP The Taxpayer Advocate Service (TAS) remains commited to assisting taxpayers and championing their taxpayer rights. TAS will continue to offer help to qualified taxpayers by telephone. Vis...

TAS Tax Tip: Where is my refund?

  If you’ve already filed your tax return in the last month or so, but haven’t gotten your refund yet, you may be wondering: Where is my refund? The IRS, in general, processes ref...

NTA Blog: The Taxpayer Advocate Service Celebrates 20 Years of Advocating for Taxpayers

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from Acting National Taxpayer Advocate Bridget T. Roberts. Additional blogs can be found at www.taxpayeradvocate.irs....

The Taxpayer Advocate Service Celebrates 20 Years of Driving Advocacy Forward

2020 marks 20 years of the Taxpayer Advocate Service (TAS) working as your “Voice at the IRS,” helping taxpayers solve problems and protecting taxpayers’ rights.   The...

NTA Blog: Implementation of New TAS Case Acceptance Procedures for Non-Identity Theft Refund Fraud Cases During Filing Season 2020

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from Acting National Taxpayer Advocate Bridget T. Roberts. Additional blogs can be found at www.taxpayeradvocate.irs....

TAS Tax Tip: Keep safe on social media at tax time

Waiting on your tax refund can be difficult. It can be even more so when you are unsure about the status or why there might be a delay beyond the timeframe you expected your refund. While you are c...

Success Story: 235 tax tip sessions held nationwide to help avoid refund delays

Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This is only one of many examples of how TAS helps resolve taxpayer issues. Taxpayer advocates from coast...

Treasury and IRS announce the appointment of Erin M. Collins as the National Taxpayer Advocate

The U.S. Treasury Department and the Internal Revenue Service have announced the appointment of Ms. Erin M. Collins to serve as the new National Taxpayer Advocate. Ms. Collins has a distinguished c...

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Bond Rebate Services

In today’s world of tax-exempt financings, issuers and trustees must concern themselves with a myriad of legal and tax issues that require sound advice from qualified professionals. Some of the often overlooked, yet critical, areas of tax compliance with respect to tax-exempt bonds are the arbitrage and rebate provisions under the Internal Revenue Code.

Simply stated, these rules require the issuer to rebate to the Federal government any investment earnings in excess of the bond yield paid. Unfortunately, the simplicity usually stops there and a complex set of rules (developed over 30 years) creates the maze through which a bond issuer or trustee must find their way to determine whether a rebate liability exists.

HLB is dedicated to providing bond issuers and trustees a complete and accurate picture of their rebate liability. However, our service goes well beyond the mere number crunching. As part of our firm’s Tax Department, we utilize the expertise of tax professionals to analyze each client’s bond issue in order to properly interpret and apply the arbitrage provisions. Furthermore, we can assist clients and their bond counsel in any planning opportunities that may be available when bonds are issued. Our goal is to provide value to our clients beyond the mere calculation of the rebate liability.

If you would like more information on our tax-exempt bond service, please contact us today.


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