Kimberly C. Betterton is a partner in the Public Finance Department and a member of the Energy and Project Finance, Tax, Exempt Organizations, and Transactional Finance Groups, and the Municipal Recovery Initiative. Her practice focuses on federal tax laws and regulations involving tax-exempt bonds and exempt organizations, particularly conduit 501(c)(3) financings, governmental bonds, and exempt facility qualification.
Ms. Betterton advises clients on issues related to interest rate swaps and other derivatives, qualified tax credit bonds, and Build America Bonds. She counsels 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.