Services

Let our professionals help you navigate the challenges and compliance issues surrounding federal tax law regulations. Our services include:

• Debt instrument analysis
  Analysis of fixed and variable rate debt structures, derivative products and credit enhancements.
• Investment cash flow and yield analysis
  Analysis of the portfolio of investments purchased with all types of gross proceeds subject to rebate. This component takes purchase and sale prices, interest, accruals and valuations into consideration. We provide a schedule which identifies the pertinent data including the yield on investment for each security in the portfolio.

• Computation of rebate amount
  The rebate amount is computed using the yield on the issue. Supporting schedules identify the rebate amount in whole as well as the amount per investment and per fund.
• Yield restriction and yield reduction payment analysis
  Yield restriction is a compliance requirement in addition to rebate. We identify which funds and investments are yield restricted and perform calculations to determine if this requirement is being satisfied.
• Spending exception benefit analysis
  Spending exceptions to rebate are available in some form to most bond issues. We assess which exceptions are potentially applicable, determine if the issue has met the requirements, and finally, determine if it is beneficial to apply the exception. In many circumstances, the rebate amount is lowered by the inclusion of proceeds which could be exempted. We analyze each issue to determine which option has the greater benefit.
• Calculation date monitoring
  Knowledge of key dates for filing with the IRS is critical to maintain compliance with the Tax Code. We track all dates related to calculation schedules and inform you of them in advance to allow for timely computations and filings.

• Commingled fund analysis/allocation services
  When proceeds and non-proceeds are commingled, it is critical to identify which amounts are subject to rebate. Using our vast experience working with commingled funds, we challenge allowable allocation approaches to deliver positive results for our clients.
• Overpayment refund submissions
  Members of the Integrity team have successfully requested overpayment refunds for dozens of clients in their professional experience. We are familiar with the processes as well as the agents reviewing the requests. This combination results in a high success rate for our clients.
• Assistance with IRS audits
  We maintain excellent relationships with IRS professionals, and are available to assist issuers in working through audits, closing agreements and other issues with the Service.
• Recordkeeping recommendations
  We are familiar with the recordkeeping requirements of the IRS, as well as means of avoiding allocations and other issues which can negatively affect record management and have costly results. We can work with you to set processes in place to increase effectiveness in this area.