On October 19, 2018, the Department of Treasury (Treasury) and the Internal Revenue Service (IRS) released the highly anticipated regulatory guidance (Guidance) concerning the Opportunity Zone tax incentives (OZ Incentives)...more
11/6/2018
/ Capital Gains ,
Community Development ,
Economic Development ,
IRS ,
Opportunity Zones ,
Partnerships ,
Proposed Regulation ,
Real Estate Development ,
Self-Certification ,
Tax Cuts and Jobs Act ,
U.S. Treasury
On October 19, 2018, the U.S. Treasury Department (“Treasury”) and the Internal Revenue Service issued proposed regulations for the new Opportunity Zone tax incentive. Opportunity Zones are a powerful new economic development...more
11/5/2018
/ Capital Gains ,
Community Development ,
Economic Development ,
FIFO ,
IRS ,
Opportunity Zones ,
Partnerships ,
Proposed Regulation ,
State and Local Government ,
Tax Cuts and Jobs Act ,
Tax Incentives ,
U.S. Treasury
Last week, President Obama signed H.R. 1314, the Bipartisan Budget Act of 2015 (the “Legislation”), which dramatically changes the manner in which partnerships (and LLC’s taxed as partnerships) are audited and taxed by the...more