TAX NEWS - 2010

Tips For Selecting an Arbitrage Rebate Specialist

The IRS is an agency that businesses and individuals simply cannot afford to take on. Therefore it is absolutely imperative that every facet of your business that may be taxable be handled correctly in order to avoid costly fines and penalties. One of these delicate areas is arbitrage rebates. Your accounting team will need extra help calculating gains and losses on tax-exempt bonds that have been rolled into higher yielding taxable investments: here are some tips for selecting an arbitrage rebate specialist.

– Experience: Arbitrage rebates are a highly-specialized area of tax law that is best handled by a firm that has extensive experience in the area. As with most tax laws, those regarding arbitrage are in a near-constant state of flux and proper handling of these assets to your advantage demands working with someone who is current on all the latest developments. It also requires a firm that has been in business long enough to develop a historical knowledge of arbitrage over the years and turn that knowledge to your advantage.

– The Right Professionals: A company that specializes in arbitrage compliance will employ teams of professionals who are trained in arbitrage rebate minimization strategies, so you can be sure that you are getting the greatest profit possible under the law. The professionals include licensed tax attorneys and seasoned accounts whose work centers exclusively on arbitrage.

– Built-in Client Protections: Should the IRS ever audit your arbitrage transactions, your team needs to have your back. Make sure to choose a firm that not only offers accurate arbitrage calculations, but will also support you in case of audit. In the best case scenarios, such a firm will be thorough enough that their work is "audit-proof."

In these challenging times, managing your assets properly and staying on good terms with the IRS is more important than ever. Be sure to choose your tax partners carefully.