June 14, 2019

The San Francisco Chronicle quoted Tax Principal Michael D’Addio in an article about investing in tax-advantaged opportunity zone funds.

San Francisco Chronicle

By Kathleen Pender

Featured Michael D'Addio, Principal, Tax & Business Services

Related Service Tax Credits & Incentives

The San Francisco Chronicle quoted Tax Principal Michael D’Addio in an article about investing in tax-advantaged opportunity zone funds. Tax Credits & Incentives

Excerpt:

The fund itself must meet complicated rules and deadlines for investing the money. “These rules are nuts, they’re crazy,” said Michael D’Addio, a principal with the accounting firm Marcum… If the fund buys empty land, “there is no requirement to improve it,” D’Addio said. However, it must be used in a trade or business. It can’t be held purely for investment, but it’s unclear how much development is required.

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Michael  D'Addio

Michael D'Addio

Principal

  • Tax & Business
  • New Haven, CT