|
|
 |
|
|
Arbitrage Compliance Specialists Keep the IRS in Check by Cleo Gib
|
|
|
Arbitrage Compliance Specialists Keep the IRS in Check by CLEO GIB
|
|
| Article Posted: 05/13/2013 |
| Article Views: 87 |
| Articles Written: 12921 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 401 |
| Article Votes: 0 |
|
Arbitrage Compliance Specialists Keep the IRS in Check |
|
|
|
|
|
Business
|
|
|
An accounting firm that provides auditing services for municipalities ensures that when a bond is issued for a new project that the city is able to comply with the Federal Government. A city that has tax exempt status is required to submit an audit for any bond that is issued. Using arbitrage compliance specialists who are licensed accountants, a city that has money left over once a project is completed can retain its standing with the IRS. Because a non-profit organization cannot earn any sort of profit, cities that are building new facilities are required to account for every cent that is spent and what remains once the project is finished. An outside accounting firm that specializes in arbitrage audits is able to submit the paperwork that allows the city to maintain its tax exempt status. Accountants Specialize in Tax Arbitrage Due to the complicated nature of arbitrage accounting there are only a handful of firms that are equipped to handle the highly delicate arbitrage process. The paperwork that is submitted to the IRS must be complete and accurate in order for the governing organization to accept the rebate and allow a municipality to retain its tax exemption. Each time a bond is issued an audit is required for any finds that are left over after the project has been paid for. In certain cases a loss or shortage of the bond requires an audit to reflect the amount of money that has been spent by the city. Whether or not there is a surplus or a shortage of money from a bond, there must be an audit in order for the city to maintain its tax standing. This is where arbitrage compliance specialists who understand all of the ins and outs of arbitrage accounting are able to provide the IRS with the documents that indicate the proper use of finds by the city managers. If a rebate is issued the city can keep a portion of the money that is leftover from the bond without paying taxes or losing its tax exempt status. Arbitrage Compliance Specialists, Inc. was founded in 1994 and has grown to be one of the largest arbitrage rebate provider in the nation. The Managing Directors of ACS average over 26 years of arbitrage compliance specialists experience and can offer clients a historical knowledge and comprehensive understanding of the arbitrage rebate regulations.(http://www.rebatebyacs.com)
Related Articles -
arbitrage, compliance, specialists,
|
Rate This Article  |
|
|
|
|
|
Do you Agree or Disagree? Have a Comment? POST IT!
| Reader Opinions |
|
|
|
|
|
|
|
|
|
| Author Login |
|
|
 |
Advertiser Login
ADVERTISE HERE NOW!
Limited Time $60 Offer!
90 Days-1.5 Million Views
|
|
TIM FAY
After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
|
|
|
|
|
LAURA JEEVES
At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
|
|
|
|
|
ALEX BELSEY
I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
|
|
|
|
|
GENE MYERS
Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
|
|
|
|
|
SUSAN FRIESEN
Located in the lower mainland of B.C., Susan Friesen is a visionary brand strategist, entrepreneur, ...more
|
|
|
|
|
STEPHEN BYE
Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
|
|
|
|
|
SHALINI MITTAL
A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more
|
|
|
|
|
ADRIAN JOELE
I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
|
|
|
|
|
JAMES KENNY
James is a Research Enthusiast that focuses on the understanding of how things work and can be impro...more
|
|
|
|
