EcoVest Wraps The Green Flag Around Tax Shelter
The fellow who explained to me how you might hit the high multiple home run explained to me that as you go from an original owner to an investor to a developer to a developer/builder, they each expect to experience a lift. The discounted cash flow analysis has all the lift going to the early player and the subsequent hypothetical developer and developer-builder working for a predictable return while shouldering the downside risk. Of course, since they are imaginary they don’t complain.
Opportunity Zones – Look Great For Everybody Except Investors
Because of the way it is likely to connect to financial statement issues, the tax work on OZ funds probably is pretty much a lock for CPAs. EAs and unenrolled preparers probably don’t have much opportunity except insofar as their clients invest in OZ funds or own property in OZs.
If you are early in your career, what is the percentage in becoming your firm’s OZ expert? It could turn out to be a dead end, but there is always the example of Mike Novogradac who took out a flyer on the historic credit and LIHTC and now runs a top fifty firm with his name on the door.
Follow Me
Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.