February 2013

Tax-Exempt Checkup

The 501(c)(3) tax-exempt status of a non-profit is conditioned on many requirements and restrictions. The following list summarizes some of the items that such an organization must keep in mind in its day-to-day operations and may serve as a convenient che…

Bonus Depreciation Extended For New Aircraft Purchasers

Tax law changes enacted in the first few days of January 2013 include some good news for aircraft buyers. Bonus Depreciation benefits have been extended.This article will explore and summarize Bonus Depreciation and will examine some practical consideratio…

January 2013

Tax-Exempt Issuers and Borrowers Need Written Post-Issuance Compliance Policies

ARE YOU A NON-PROFIT OR GOVERNMENTAL ENTITY WITH OUTSTANDING TAX-EXEMPT BONDS? ARE YOU CONSIDERING FINANCING A PROJECT WITH TAX-EXEMPT BONDS? IF SO, YOU SHOULD HAVE A WRITTEN “POST-ISSUANCE COMPLIANCE POLICY” IN PLACE.The status of an issuer or borrowe…

Tax Exempt Borrowing Basics – A Quick Reference Guide to Tax-Exempt Bonds

Tax-exempt debt provides a valuable financing option for governmental and tax-exempt entities, but typically involves complicated, precise structures and language. Below is a general reference guide for those new to tax-exempt bonds.Who can borrow using …

SEC Adopts New Obligations for Broker-Dealers and Paying Agents Regarding Lost Securityholders and Unresponsive Payees

The Securities and Exchange Commission (the "SEC") recently adopted amendments to Rule 17Ad-17 (the "Rule") under the Securities Exchange Act of 1934 to implement certain requirements of the Dodd-Frank Wall Street Reform and Protection Act. The amended Rul…