On January 19, 2021, the IRS released Notice 2021-10 to provide a number of extensions related to Opportunity Zone investments. These extend the extension granted in Notice 2020-39. Specifically, the following extensions...more
On June 4, 2020, the IRS released Notice 2020-39 to provide a number of extensions related to Opportunity Zone investments. These supersede the extension granted in Notice 2020-23. Specifically, the following extensions...more
On December 20, 2019, the Treasury Department and Internal Revenue Service issued final regulations on “opportunity zones” and these regulations are scheduled to be published by the Federal Register on January 13, 2020. This...more
The Treasury Department and Internal Revenue Service issued a second set of proposed regulations on the new “opportunity zone” tax incentive on April 17, 2019. This tax incentive encourages investment in certain distressed...more
The Treasury Department and Internal Revenue Service issued proposed regulations and other guidance on the new "opportunity zone" tax incentive on October 19, 2018. This tax incentive encourages investment in certain...more
10/29/2018
/ Capital Gains ,
Economic Development ,
Financial Statements ,
Income Taxes ,
Investment Funds ,
IRS ,
Opportunity Zones ,
Partnerships ,
Proposed Regulation ,
S-Corporation ,
Tangible Property ,
Tax Incentives ,
U.S. Treasury
A new kind of “opportunity zones” was introduced in the “Tax Cuts and Jobs Act” that became law last December. The concept is to encourage investment in certain distressed and underserved areas. To encourage that investment,...more