Michael Goldman is a transactional lawyer who focuses his practice on structuring investments that produce federal and state tax benefits, with a strong emphasis on transactions generating tax credits.
I structure, negotiate and close transactions involving energy credits (ETCs), new markets tax credits (NMTCs) and historic rehabilitation tax credits (HTCs).
I work with investors, syndicators, lenders and developers, primarily financing the construction of solar facilities across the country. I have also worked with clients to assist in the financing of wind, biomass and fuel cell facilities. In some cases, we have been able to combine energy tax credits with new markets tax credits (NMTCs) to help finance the construction of these renewable energy projects.
I work with investors, lenders, community development entities and “qualified active low-income community businesses” to leverage NMTC financing and support community revitalization efforts nationwide. I have worked on a wide range of transactions that have benefitted dozens of low-income communities throughout the United States with investment dollars building businesses and physical structures including charter schools, grocery stores, hospitals, theatres, retail centers, for-sale housing, museums and solar and wind farms.
There likely will be significant changes to the tax code at some point in the next few years—I anticipate increased lobbying activity and inconsistent investor appetite in the tax credit industry as a result of a fear of the unknown. Unfortunately, there are no assurances that a new tax code will contain any or all of these tax credit programs.
Prior to joining Nixon Peabody, I worked in the Internal Revenue Service’s Office of Chief Counsel (Passthroughs & Special Industries), concentrating on tax shelters, partnerships, subchapter S corporations and passive activity losses. Prior to working for the IRS, I clerked for Judge Michael B. Thornton at the United States Tax Court.
Over the years, I have been a frequent speaker at industry conferences regarding NMTCs, Section 1603 grants-in-lieu-of-energy tax credits program and energy credits. While working for the IRS, among other things, I was the principal author of Revenue Ruling 2003-20, which provides the safe harbor for leveraging NMTC investments.
New York University School of Law, LL.M., Graduate Tax Program
St. John's University School of Law, J.D.
University of Rochester, B.A.
District of Columbia
U.S. Tax Court
Michael is a member of the American Bar Association and the Tax Section of the DC Bar Association