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.
Most of the work I do involves either the new markets tax credit (NMTC) or energy tax credits (ETCs); sometimes I have the pleasure of working on transactions where both credits are in the financing stack.
With regard to my NMTC experience, I work with investors, lenders, community development entities and “qualified active low-income community businesses.” 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.
With regard to my ETC experience, I work with investors, lenders and developers, primarily financing the construction of solar and wind facilities across the country.
There likely will be significant changes to the tax code at some point in the next five years—I anticipate a lot of lobbying activity. Although there are certain tax credit programs that have the luxury of permanency under the existing tax code, there can be no assurance a new tax code will be as generous.
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