To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in Arcstone communications, unless expressly stated otherwise, is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any tax-related matter(s) addressed herein.
This is our way of saying that Arcstone does not give tax advice. We provide valuations, not tax advice.
Here they are. For valuation-related stuff, see pages 28 through 35. For safe harbors, see pages 33 and 221.