Kimberly C. Betterton focuses on federal tax laws and regulations involving tax-exempt bonds and exempt organizations. Ms. Betterton works on numerous types of tax-favored transactions, including governmental, conduit 501(c)(3), exempt facility, single-family housing, small issue manufacturing, QZABs, QECBs, QSCBs, and new CREBs. She advises clients regarding the original issuance of obligations, the many post-issuance compliance responsibilities, and IRS audits.
Ms. Betterton's broad-ranging experience includes routinely providing counsel on issues related to interest rate swaps and other derivatives, reissuance questions, and direct-subsidy and tax-credit bonds. She advises clients on a variety of post-issuance tax compliance issues, including arbitrage, private use questions, Form 990 – Schedule K, remediation as a result of change in use, reissuance, and IRS audit and review activities. She also assists clients with obtaining 501(c)(3) exemption letters from the IRS.
