Investors, fund sponsors, real estate developers, and businesses using or planning to use the Opportunity Zone incentive (the OZ Incentive) should be aware of some upcoming critical dates. Some of these dates are the result...more
3/17/2021
/ Capital Assets ,
Coronavirus/COVID-19 ,
Fund Sponsors ,
Income Taxes ,
Investors ,
IRS ,
Opportunity Zones ,
Qualified Opportunity Funds ,
Real Estate Development ,
Safe Harbors ,
U.S. Treasury
On June 4, 2020, Treasury and the Internal Revenue Service issued Notice 2020-39 (the Notice) modifying Notice 2020-23 and providing relief under Section 7508A of the Internal Revenue Code (Code).
Under Code Section 7508A,...more
More Changes May Be Needed for the Opportunity Zone Incentive to Assist in the COVID-19 Crisis Recovery Efforts -
On Thursday, April 9, 2020, the Treasury issued Notice 2020-23. This notice amplifies previous related...more