The 2018 Edition of this best-seller is updated, expanded, and will help readers master both the most basic and complicated aspects of the subject by translating the complex issues of arbitrage into concise, practical language. This book will help readers gain a clearer understanding of the rules of arbitrage, the relevant IRS code sections and the regulations and technical terms used in this practice. In addition, this book includes valuable appendices including arbitrage sections of the Internal Revenue Code, arbitrage regulations, and proposed regulations.