No. We partner with established developers who handle construction, operation, and maintenance. Your LLC owns the project, but everything is fully turnkey.

Yes. The strategy uses IRS Sections 48 and 168(k)—providing renewable energy tax credits and bonus depreciation. All entities are legally formed and maintained by Goodspeed Merrill, a trusted tax law firm.

You can offset passive income automatically. To offset active business income, you’ll need to log 100+ hours of active participation (e.g., site visits, contract reviews, strategy calls), which we help facilitate.

No problem. Excess business losses can be carried forward indefinitely, offsetting up to 80% of income in future years.

Most projects require a minimum down payment of $400,000, which secures a stake in a $1M+ project. We’ll help you find one that fits your goals and timing.

GM wants to incentivize the result and not a larger down payment from the client. This fee arrangement makes the transaction more of a fiduciary fee arrangement.

Fee Arrangement and Circular 230 Compliance 

At G|M, we pride ourselves on delivering comprehensive and tailored tax advice intended to optimize our clients’ tax efficiency and wealth preservation goals. As part of our unique service offering, we may recommend transaction- or investment-based tax strategies that we believe will meet your planning objectives and risk tolerances. These strategies are meticulously investigated, evaluated, and structured based on a rigorous and ongoing due diligence process, involving our own resources as well as those of other collaborating advisors, with the goal of generating the best outcomes and client experience. 

You will be charged a flat fee for the tax planning and related services described in this engagement letter. The flat fee will be communicated to you after all information regarding your case has been received and analyzed.  This engagement is not a contingency fee arrangement, and the fee is not contingent upon the outcome of any tax strategy, the amount of tax benefit actually realized, or any specific result which is ultimately reflected on filed or accepted tax returns. The fee is determined in advance, based on the anticipated value and benefit of the services to you, including but not limited to potential tax savings, the complexity of the engagement, and the expertise required.  The fee will not be adjusted or modified after tax filings have occurred.  

This fee is not calculated as a percentage of any actual tax savings, refund, or other tax result, and is not dependent on any tax position being sustained by the IRS or any other taxing authority. Rather, the fee is set to reflect the overall anticipated economic benefit of the planning, and is capped at 20% of the estimated Net Economic Benefit (as defined below) to ensure you retain a sufficient return on your investment in these services and the transaction contemplated. 

The flat fee also includes amounts that may be paid to third-party vendors engaged by our firm to assist in the planning process. In some cases, a portion of the fee may be reserved to cover the costs associated with ongoing operations and compliance of any structures or entities established as part of your tax planning. Furthermore, any compensation, rebates, or payments received by our firm from third-party vendors in connection with this engagement will be fully disclosed to you. The fees identified in this engagement are estimated based on initial assumptions and recommendations related to the anticipated “Net Economic Benefits” of the planning. Prior to final invoicing, we will confirm these assumptions with your designated financial or accounting advisor. G|M will pay other outside consultants and advisors[1][2] from the fees received in connection with the implementation and maintenance of the strategy, and you will not be responsible for paying any advisors engaged to work with G|M in the development and implementation of the strategies. 

Net Economic Benefit and Fee Calculation 

The “Net Economic Benefit” will be determined by taking the net value of deductions and credits received as part of the planning (reduced by your investment “cost”), multiplied by 20% (reduced by credits discussed below). This is accomplished by taking the value of the anticipated deductions determined relative to your pre-planning estimated tax rate (i.e., your pre-planning effective tax rate x deductions/expenses arising from the planning), plus any tax credits valued on a face value basis, plus the current value of any depreciation carryforwards or Net Operating Loss (“NOL”) carryforwards based on the pre-planning effective tax rate. 

Example:

If you have a pre-planning effective tax rate for the year in question of 33%, and invest $300,000 in strategies and as a result receive $1,000,000 of deductions and $500,000 of credits, then the planning fee of 20% of economic benefit would be calculated as follows:(($1,000,000 x 33%) + $500,000 - $300,000) x 20% = $106,000.

Circular 230 Compliance Statement 

This engagement, including the fee arrangement described above, is expressly intended to comply with all requirements of Circular 230 and applicable professional and ethical standards. Under these rules, practitioners are generally prohibited from charging fees that are based in whole or in part on the outcome of a tax position, the amount of tax savings, or the result reflected on a filed or accepted tax return, except in very limited circumstances. 

Our fee is a one-time, fixed amount, agreed upon in advance, and is not calculated as a percentage of any actual tax savings, refund, or other tax result. The fee is not dependent on any tax position being sustained by the IRS or any other taxing authority, nor is it contingent upon the outcome of any tax strategy or the amount of tax benefit actually realized. Rather, the fee is determined based on the anticipated value and benefit of the services to you, including the complexity of the engagement, the expertise required, and the overall estimated net economic benefit of the planning, and is capped at 20% of that estimated benefit to ensure fairness and client value. 

This engagement letter clearly communicates the scope of services, the method by which the fee is determined, and all inclusions and exclusions, including amounts paid to third-party vendors and any rebates or compensation received by our firm in connection with this engagement. Our goal is to provide full transparency and to ensure that the fee represents a fair exchange of value, is reasonable, and is not unconscionable. 

If you have any questions about this fee structure or its compliance with Circular 230, we encourage you to discuss them with us before signing this agreement.