Tag Archive: "Qualified Opportunity Zones"
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Intersection of Current Tax Legislation and Opportunity Zones?
Opportunity zone legislation has been proposed several times over the past two years, but the current political uncertainty makes its future uncertain.
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Planning for Deferred Tax Liabilities on Opportunity Zone Investments
Opportunity zone investors are schedule to recognize significant tax liabilities on deferred gains invested into qualified opportunity funds. Determining strategies to manage or minimize these taxes is a critical action in the OZ toolkit.
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New Life for Opportunity Zone Legislation?
New legislation was introduced that would extend the opportunity zone program to 2028, and make other modifications to the program.
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Disaster Relief for Opportunity Zone Taxpayers in the Southeast
New disaster area declarations provide relief to some opportunity zone taxpayers at a crucial time.
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New Opportunity Zone Legislation Introduced
Congress introduces new OZ legislation to expand the program to rural census tracts and increase transparency through added informational reporting.
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Qualified Opportunity Zone Reminders
Opportunity zone stakeholders have several considerations to make regarding new investments and existing projects.
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Opportunity Zones: Beware of the Debt Financed Distribution Trap
OZ fund managers should consider possible tax implications of debt financed distributions made to their QOF investors within two years.
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Opportunity Zones: 2022 Year in Review
We take time to reflect on the major occurrences in 2022 affecting Opportunity Zones and look ahead to what is in store for 2023.
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Opportunity Zones: New IRS Scrutiny Anticipated
Opportunity Zone taxpayers should expect to see increased examination activity by the IRS, according to the Office of the Associate Chief Counsel.
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Opportunity Zones in 2022: End of Penalty Relief, Rising Interest Rates, and Year-End Reminders
As the year-end approaches, investors and OZ fund sponsors should engage with their tax advisors to discuss OZ testing compliance and penalty computations.