The Excise Tax Bond

The Excise Tax Bond

Today, we’re going to discuss what’s needed for an Excise Tax Bond, specifically a Tax Fuel Bond under section 4104. The bond ensures that the payment of the tax imposed on fuel under § 4081(a)(1), or § 4081(b) of the Internal Revenue Code, guarantees that...
Bonding in Fiduciary Matters

Bonding in Fiduciary Matters

Clients in the past have asked us about what issues might prevent their client from obtaining a bond from a fiduciary perspective. Prominent among them are: Recent bankruptcies/poor credit, Disputes with family members — especially when the fiduciary matter is related...
Subdivision Bonds — Part 4

Subdivision Bonds — Part 4

Suretyship is one of the oldest professions in the world, but few are familiar with the industry. In a way, a surety bond is similar to having a co-signer for an obligation. It is viewed as an extension of credit. If the developer of a project fails to build what is...
Subdivision Bonds — Part 3

Subdivision Bonds — Part 3

A partial list of types of construction work that are covered by the Subdivision Surety Bond have to do with the site work:  Grading, Roads, Sidewalks/curbs, Water connections, Sewer utilities, Electric utilities, Street lights, Drainage, Retention ponds, Landscaping,...
Subdivision Bonds — Part 2

Subdivision Bonds — Part 2

Subdivision bonds, a type of surety bond, are currently in demand as housing prices continue to rise and developers look to build homes and housing developments. Builders purchase raw land for the project and depending on which governmental entity — states, counties,...

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