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.
Articles in the National Law Review database by Michael A. Cullers