Michael Cullers focuses his practice on matters involving tax-exempt bonds and state and local taxation. Michael has extensive experience in the tax aspects of state and local bond issues, including governmental use bonds, qualified 501(c)(3) bonds and other tax-exempt private activity bonds, such as airport financings, as well as tax-advantaged bonds, such as Build America Bonds and qualified school construction bonds. This experience includes private business use and private payment analyses; arbitrage issues in new money, refunding and multipurpose bond issues; multipurpose issue allocations for advance refundings; compliance with the remedial action regulations; and issues involved with financial derivatives to be integrated with tax-exempt obligations. He has represented clients in audits of tax-exempt obligations and negotiations of closing agreements with the IRS under the voluntary closing agreement program. He has also advised on the state tax aspects of state and local bonds and investment funds that hold such obligations.
Michael writes for the Public Finance Tax blog, which is the first blog devoted exclusively to the tax issues that arise in connection with tax-advantaged state and local debt, and he has had articles on tax-advantaged bonds published by The Bond Buyer, The National Law Review, Bloomberg’s Daily Tax Report and Law360. Michael has spoken on tax-advantaged bonds at many seminars, and has spoken on other federal, state and local tax issues at the Cleveland Metropolitan Bar Association’s Business Law Practice and Procedure Clinic and the Cleveland Tax Institute. He has written extensively on Ohio state and local tax matters, including several Ohio Tax Practice Insights published by LexisNexis and an article published in the BNA Tax Management Weekly State Tax Report.
Michael is a member of the American, Ohio State and Cleveland Metropolitan Bar Associations and the National Association of Bond Lawyers.
More Legal and Business Bylines From Michael A. Cullers
- The Shutdown Can’t Stop the Release of the Final TEFRA Regulations - (Posted On Sunday, December 30, 2018)
- Save the Crew? Will Do! - (Posted On Thursday, December 20, 2018)
- It’s Unanimous – All Nine U.S. Supreme Court Justices Agree that Quill Corp. v. North Dakota was Wrongly Decided, and Five Vote to Overrule It in South Dakota v. Wayfair, Inc. - (Posted On Thursday, June 28, 2018)
- A Richer Understanding of What’s Already Understood – Treasury Issues Proposed Regulations to Clarify the Meaning of “Investment-Type Property” in an Already Obvious Way - (Posted On Tuesday, June 12, 2018)
- Save the Columbus Crew (Part Two)! - (Posted On Thursday, May 31, 2018)
- Ohio & the Art Modell Law: Save the Columbus Crew! - (Posted On Sunday, May 20, 2018)
- Oyez! The Supreme Court Hears Oral Arguments in Wayfair, and Now We Play the Waiting Game - (Posted On Thursday, April 26, 2018)
- Combining Tax-Exempt Bonds with Public-Private Partnerships under Current Law - (Posted On Tuesday, March 06, 2018)
- South Dakota Might Convince the Supreme Court to Dispense with the Quill Pen and Join the 21st Century - (Posted On Wednesday, January 24, 2018)
- In Theaters This Christmas – The Parliamentarian: Slightly Slowing, but Ultimately not Stopping, Passage of the Tax Cuts and Jobs Act - (Posted On Wednesday, December 20, 2017)