United States
The recent IRS Notice provides relief in the form of flexibility for investment timing and testing periods for QOFs and their investors.
A recent IRS private letter ruling granted an extension of time for the required certification of a Qualified Opportunity Fund.
The final Qualified Opportunity Zone regulations include several taxpayer favorable improvements over the proposed regulations.
Puerto Rico has enacted new legislation to provide additional tax benefits for investing in projects in PR opportunity zones.
The second round of Qualified Opportunity Zone regulations may spur taxpayer confidence and financial implications will drive investment.
Specially designated districts designed to fuel economic growth where development has been stagnant offer investors tax-saving options.
The new revenue guidance has cleared the way for businesses and investors to invest in opportunity zones and drive economic growth.
The new Qualified Opportunity Zone regulations answer many questions that favor taxpayers, though some questions remain.
To make opportunity zone projects as financially viable, developers need to consider state and local tax credits beyond QOZ incentives.
The Tax Cuts and Jobs Act of 2017 established opportunity zones to encourage long-term investments in low-income communities nationwide.
To receive the maximum tax benefit from investment in qualified opportunity zones, real estate investors must understand the options.