McManimon, Scotland & Baumann, LLC has an active and sophisticated tax practice. The firm has a particular expertise in all aspects of:

  • Public Finance
  • Infrastructure Finance
  • Structured Finance
  • New Markets Tax Credits
  • Low Income Housing Tax Credits
  • State Tax Credit Programs
  • Hedging Transactions

We have extensive experience in serving both local and State entities.  Additionally, as counsel and special tax counsel for issuers, underwriters and developers, a significant part of the firm’s public finance tax practice involves analyzing tax issues, structuring transactions, preparing related documentation and certifications and providing tax advice. Because of the breadth of the firm’s finance practice, the firm’s tax attorneys are experienced in varied Federal tax issues involving most tax-exempt and tax-credit structures.

Tax Services

The firm’s tax practice includes:

  • Tax structuring, documentation and advice in connection with new and refunding issues
  • Evaluation of proposed novel financing techniques
  • Post-issuance tax matters such as changes in the use of bond-financed facilities and other compliance issues
  • Representation of issuers in I.R.S. examinations

New Programs

The firm is a leader in the state at working through tax issues associated with new federal finance programs, including those contained in the American Recovery and Reinvestment Act of 2009. The attorneys in the firm’s tax department stay current on proposed and final laws, policies and procedure as well as changes made by the I.R.S. that relate to various bond financing and tax credit programs.

Philosophy

The firm’s philosophy is to assist clients in strictly complying with the Internal Revenue Code, Treasury Regulations, case law, and I.R.S. pronouncements, while providing creative solutions to issues in an effort to provide the best possible results for our clients. In circumstances where the application of the federal income tax laws is uncertain with respect to a particular tax issue, the firm has requested and obtained formal guidance from the I.R.S. in the form of private letter rulings or informal guidance from I.R.S. staff members.

Corporate Tax

In addition, the firm’s State and local tax practice includes planning, lobbying, advising on and assisting with applications for tax exemptions and abatements. We have represented numerous “Fortune 500″ corporations in all aspects of proceedings, and have litigated Corporation Business Tax cases involving allocation and apportionment issues, claims for refund, and unitary business tax issues, among others.

Contact Us

For more information about our Tax practice, please contact Leah Sandbank at 973-622-1800.