Archives: Overpayments

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A Summary of the Final Regulations on Non-Issue Price Arbitrage Restrictions

On July 18, 2016, the Treasury Department published final regulations on non-issue price arbitrage restrictions (the “Final Regulations”) in the Federal Register. The Final Regulations finalize regulations proposed in 2007 and 2013 (collectively, the “Proposed Regulations”).  Click here for a copy of the Final Regulations, and read below for a high-level summary of them.  We … Continue Reading

Arbitrage Rebate Refunds – Final Regulations

The IRS published final regulations on November 13, 2014, governing claims for refund of arbitrage rebate overpayments.  The final regulations do three main things. First, they set a two-year statute of limitations on requesting refunds, running from the final rebate computation date. Second, they provide that if you file a refund request, the IRS can … Continue Reading

The New Phonebooks are Here!

New private letter rulings are here! The IRS released two new private letter rulings. Neither of them is earth-shattering. In the first, PLR 201445002, the IRS ruled that an authority created by a tribal government is a political subdivision so that it can issue tax-advantaged bonds. In the second, PLR 201445007, the IRS granted a school district … Continue Reading
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