ProPublica
•Business
Business & Economics
84% Informative
Frank Schuler IV , the 57-year-old co-founder and longtime president of Ornstein-Schuler , an Atlanta -based real estate investment company.
His firm was for years among the most prolific promoters of tax-shelter deals known as “syndicated conservation easements” Schuler and his colleagues exploited a tax deduction that was created to reward landowners who give up development rights for their acreage.
They then sold stakes in the easement donation to rich individuals, who claimed wildly inflated tax deductions.
Ornstein-Schuler dropped out of syndicated easement business in 2019 , citing “recent developments and the uncertainty related to the conservation and gifting of property’s property” Firm has filed more than 100 tax court cases involving its transactions, contesting more than $4 billion in disallowed charitable deductions from some 2,000 investors.
Ornstein has also gone on the attack against the IRS , claiming that the agency had failed to respond to a Freedom of Information Act request for documents.
VR Score
85
Informative language
84
Neutral language
57
Article tone
semi-formal
Language
English
Language complexity
62
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
18
Source diversity
12
Affiliate links
no affiliate links