On April 09, 2020, the Department of Treasury and the IRS announced Notice 2020-23, which extends key tax deadlines related to Section 1031 Like-Kind Exchanges and Opportunity Zones.
With respect to Like-Kind Exchanges, if...more
On December 19, 2019 the IRS published its final regulations on Opportunity Zones. Here are some noteworthy items in the final regulations:
What types of gains may be invested and when?
1231 Gains: Section 1231 gains are...more