About Milton S. Wakschlag

Anyone will tell you that tax rules around financing public infrastructure are a source of great confusion — unless they've talked to Milton Wakschlag first. Milt advises governments, banks and investors on federal requirements for tax-advantaged financing of major infrastructure projects. He helps his clients maximize their eligibility for federal tax programs and, when they aren't available, to make sound alternative choices. His ability to communicate the most complex tax principles clearly gives his clients comfort that they are making the best decisions.

Making infrastructure projects happen

The government and government-facing entities that Milt advises include public utilities, affordable housing developers, hospitals, universities and cultural institutions. He represents these clients, and the bankers and advisors who serve them, throughout the United States. They are all seeking better-than-market financing terms for large projects — airports, energy plants, hospitals and universities among them — available through federal tax programs. Milt helps clients qualify for those programs, stay compliant with their requirements over time and prevent the termination of financing after a potentially disqualifying event.

Milt's understanding of his clients' priorities allows him to determine whether the law is flexible enough to accommodate their goals or points to an alternative approach. Often, his work involves advocating before the Internal Revenue Service (IRS) for private letter rulings, audit settlements, arbitrage rebate filings or voluntary compliance agreements in his clients' favor. He has established a track record of favorable negotiation with the IRS, and in more than one instance, the IRS incorporated the principles that Milt succeeded in having approved in private letter rulings into its formal guidelines.

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Practice Focus

  • Tax-exempt bond financing
  • Tax-exempt health care and cultural facilities
  • Public-private partnerships
  • Affordable housing and community development
  • Government-owned hospitality and energy facilities

Presentations and Events