Simply Tax

New Market Tax Credit #151


Listen Later

The New Markets Tax Credit (NMTC) Program is a federally funded program designed to attract private investment into distressed communities. Investors are incentivized to provide outside capital in exchange for credits against their federal income tax liability. Host Damien Martin sits down with guest Wes Ernst to discuss this sometimes-overlooked incentive and a new tool he helped to develop that improves speed, increases accuracy, and drives value through the entire NMTC process.

Here's what they discuss:

  • Who is Wes Ernst? [01:19]
  • What's the NMTC and how does it work? [05:28]
  • What industries are good candidates for the NMTC? [16:11]
  • Are there compliance considerations? [24:18]
  • What's the future of the NMTC? [26:40]
  • How did Wes come to work with the NMTC? [32:47]
  • Closing thoughts from Wes [36:59]

Learn more about Wes and get additional resources with the show notes to this episode here!

GET MORE SIMPLY TAX

We're excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.

A complete archive of our episodes is available on our website and YouTube playlist.

We'd love to hear from you! Email feedback and questions to [email protected].

...more
View all episodesView all episodes
Download on the App Store

Simply TaxBy Damien R. Martin, CPA

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

180 ratings


More shows like Simply Tax

View all
Radical Personal Finance by Joshua Sheats

Radical Personal Finance

1,892 Listeners

Money Guy Show by Brian Preston and Bo Hanson

Money Guy Show

3,220 Listeners

The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

The Stacking Benjamins Show

1,992 Listeners

Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

Your Money, Your Wealth

807 Listeners

Retirement Answer Man by Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Retirement Answer Man

1,312 Listeners

Retirement Starts Today by Benjamin Brandt CFP®, RICP®

Retirement Starts Today

531 Listeners

ChooseFI by ChooseFI

ChooseFI

5,146 Listeners

NerdWallet's Smart Money Podcast by NerdWallet Personal Finance

NerdWallet's Smart Money Podcast

865 Listeners

Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

Stay Wealthy Retirement Podcast

675 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,081 Listeners

The WealthAbility Show with Tom Wheelwright, CPA by The Rich Dad Media Network

The WealthAbility Show with Tom Wheelwright, CPA

518 Listeners

Ready For Retirement by James Conole, CFP®

Ready For Retirement

810 Listeners

The Personal Finance Podcast by Andrew Giancola

The Personal Finance Podcast

1,409 Listeners

Money Rehab with Nicole Lapin by Money News Network

Money Rehab with Nicole Lapin

1,646 Listeners

All the Hacks: Money, Points & Life by Chris Hutchins

All the Hacks: Money, Points & Life

1,620 Listeners