qoz

Opportunity Zones—often called OZs for short—are currently trending in the real estate investment sector but can be a challenging subject to master, regardless of experience level. The appeal of OZs is that for investors in specific situations, they can provide significantly beneficial tax benefits. The following is brief overview of Opportunity Zones to provide you …

Are Opportunity Zones Worth the Hype? Read More »

This is a continuation of a prior QOZ article entitled “Summary of Changes Affecting Qualified Opportunity Funds.” Click here to read the first article. In December 2019, the Internal Revenue Service (“IRS”) updated and clarified much of the uncertainties in the QOZ regulations under the final rules (“Final Rules”). In addition, the IRS implemented various …

Update on Changes Affecting Qualified Opportunity Funds Read More »

California Governor Gavin Newsom has signed dozens of new bills over the past several weeks, but the state has yet to take up the important task of bringing California into conformity on opportunity zones. State legislators failed last month to pass legislation that would have allowed investors to defer state capital gains tax if they …

California Partisanship Stalls Opportunity Zone Investment Read More »

In October 2018, the IRS published proposed regulations to the Tax Cuts and Jobs Act program known as Qualified Opportunity Zones. While the proposed regulations identified some issues of contention, it opened up some questions and concerns that left stakeholders seeking clarification. In April of 2019, the IRS issued a second set of proposed regulations …

Summary of Changes Affecting Qualified Opportunity Funds Read More »