Tax Services including Arbitrage

Overview

We advise on tax compliance and other issues that arise after a transaction closes. We set up compliance procedures, and address non-compliance situations, such as analyzing and implementing remedial actions following a change in use. We also obtain IRS closing agreements under the voluntary closing agreement program, and review management contracts and other agreements to determine if they result in any private business use.

Our five tax attorneys, who function exclusively as “Section 103” lawyers, wrote many of the industry rules and regulations while previously working for both the IRS and Treasury. We leverage this insight to give our clients an advantage when it comes to compliance and issue resolution.

Having obtained numerous favorable private letter rulings from the IRS, our group successfully represents associations, as well as individual issuer clients, helping in situations where current law and regulations are problematic.

Recognition

• Nixon Peabody was named by U.S. News/Best Lawyers® 2021 as “Law Firm of the Year” in Public Finance Law.
• Consistently ranked Top 10 in bond counsel, underwriter’s counsel, disclosure counsel, special tax counsel, and green bond counsel by Thomson Reuters.
• Nixon Peabody has been named a Tier 1 National firm by U.S. News – Best Lawyers® “Best Law Firms” in 2023 for Public Finance Law.
• Nixon Peabody was also named a First Tier metropolitan firm by U.S. News – Best Lawyers® “Best Law Firms” in 2023 for Public Finance Law in Rhode Island, Chicago, New York City, and Washington, DC, and for Municipal Law in Rochester.
• Ranked in Chambers USA for Public Finance.