Text extracted via OCR from the original document. May contain errors from the scanning process.
From:
Barry J. Cohen <
Sent:
Tuesday, October 9, 2018 12:36 PM
To:
Subject:
RE: Re:
By the way, we're up to 19 state filings, without this new investment.
why dont you jhave them show you a sample of what leons returns would show. Im unclear if each state is a different
entity? 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, Oct 9, 2018 at 8:16 AM Barry J. Cohen <
<mailto
» wrote:
Yes, definitely a pass through. These are usually pretty short term tax credits so gain on use vs. acquisition
shouldn't make a lot of difference. And yes, income is projected to be offset by interest. As we make more, we borrow
more. A little like the real estate business, we make our cashflow through borrowing.
Good point on the state filings. I will check.
<mailto
sorry, on the call it was said it is a pass through . the article says maybe a gain on use? is that offset by the
interest on borrowing? his return is s000 cluttered , a little more or less not relevant , but would he be required to
file in each state.? for ex. what powers to the regulators have etc.
On Tue, Oct 9, 2018 at 7:57 AM Barry J. Cohen <
<mailto
» wrote:
EFTA_R1_01825593
EFTA02620053
The tax to Leon nets out to zero for the foreseeable future. But it would all likely flow through. We have
seen no evidence of audit or even controversy on the company's returns. Is your concern that notwithstanding this that
a bunch of items could clutter up his return and increase his profile with the IRS?
Sent from my iPhone
On Oct 9, 2018, at 7:40 AM, J <jeevacation@gmail.com <mailtoleevacation@gmail.com» wrote:
work on the subject , only in oregon , so maybe not relevant but gives you a peek into issues..
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the use of the addressee. It is the property of
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