Ed Blum, CPA, is a principal in the Tax and Accounting Department at MBAF. Ed is the principal-in-charge of the firm’s Boulder office. Ed joined the firm in 1980 as a staff accountant. He was promoted to partner in 1986.
While focusing his practice in the area of tax consulting, Ed has been involved in the preparation, review and research of federal and state tax returns for all types of entities, as well as the representation in audits by state and federal agencies.
Ed consults with clients regarding mergers and acquisition and advises in the areas of organizational structure and planning, due diligence reviews and preparation of financial forecasts for a wide range of operations. His projects have included real estate and medical equipment ventures, automotive dealerships and professional sports teams.
Since 1985, Ed has developed a particular expertise with major and minor league professional sports teams, including working directly with a number of NFL and NBA teams and stadiums. Ed has prepared federal and multiple state tax returns and represented various teams during IRS and state tax examinations related to the acquisitions, operation and sale of NFL and NBA franchises. He has also assisted with the negotiations for both the acquisitions and the purchase of teams and related negotiations with the home cities and improvements of stadiums and arenas. In addition, Ed has consulted in various sports-team related businesses including tax matters and reorganizations, as well as the acquisitions of minority owner interests.
Furthermore, Ed has been involved in the financial planning and project management reporting compliance for a major national stadium. He has also prepared the federal and state tax returns and coordinated the preparation of a cost segregation study for the stadium, which was ultimately examined and approved by the IRS with no changes.
Ed brings deep knowledge and broad experience to his consultancy, especially in the above industries.
- American Institute of Certified Public Accountants – Tax Section
- Colorado Society of Certified Public Accountants
- University of Florida – Bachelor of Science in Business Administration
The IRS has just issued a reminder that anyone who still has to file a 2016 return–even those who were affected by the recent hurricanes–can only make use of the e-file program until November 18th. After that, all 2016 tax returns will ha ...Explore
Congress recently enacted significant changes to partnership audit and adjustment rules. The changes are expected to dramatically increase the audit rates for partnerships and will require partners to carefully review, if not revise, their partnershi ...Explore
The Super Bowl, The World Series, The NBA playoffs – most of us are thrilled to watch our favorite teams vie for the championship. But, did you ever stop and think about what it could be like to own a sports franchise? It can be as challenging ...Explore
On December 14, 2016 the Internal Revenue Service released the optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. The business mileage rate decrease ...Explore