📄 Extracted Text (614 words)
From: J <[email protected]>
Sent: Tuesday, October 9, 2018 12:32 PM
To: Barry J. Cohen
Subject: Re: Re:
why dont you jhave them show you a sample of what leons re=urns would show. Im unclear if each state is a different
entit=? the fasb rules look like they are not yet decided.? i=think the market looks pretty efficient so that s my oveall
concern.=
On Tue, O=t 9, 2018 at 8:16 AM Barry J. Cohen < <mailto » wrote:
Yes, definitely a pass through. These are usua=ly pretty short term tax credits so gain on use vs. acquisition
shouldn =80 t make a lot of difference. And yes, income is projected to be =ffset by interest. As we make more, we
borrow more. A little like the real estate business, we make our cashflow through borro=ing.
Good point on the state filings. I will check.=u>
From: J <[email protected] <mailto:jeevacation@gma=l.com»
Sent: Tuesday, October 09, 2018 8:05 AM
To: Barry J. Cohen < <mailto >>
Subject: Re:
sorry, on the call it was said it is a p=ss through . the article says maybe a gain on use?=C2 is that offset by
the interest on borrowing? =his return is s000 cluttered , a little more or less not relevant =AO , but would he be
required to file in each state.? for ex. what powers to the regulators =ave etc.
On Tue, Oct 9, 2018 at 7:57 AM Barry J. Cohen < <mailto
The tax to Leon nets =ut to zero for the foreseeable future. But it would all likely flow throug=. We have
seen no evidence of audit or even controversy on the company =80 s returns. Is your concern that notwithstanding this
that a bunch of items could clutter up his return and increase his pr=file with the IRS?
Sent from my iPhone
On Oct 9, 2018, at 7:40 AM,1 <[email protected] <mailto:[email protected]> wrote:
work on the subject , only in oregon , so maybe not =elevant but gives you a peek into issues. .
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