Posts filed under: IRS

The IRS released a draft version of new Form 8997, Initial and Annual Statement of Qualified Opportunity Fund (“QOF”) Investments in September 2019. The brand new form creates a reporting requirement for taxpayers to track their QOF investments. This includes...
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With the second round of guidance published, investments in distressed communities should expand. The Economic Innovation Group has written an excellent article detailing the updates. Click here to read it....
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The Internal Revenue Service sought feedback in creating the regulations at a five-hour hearing on Thursday, February 14. More than two dozen stakeholders highlighted concerns they have with the rules of the program and offered suggestions for how they can...
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Trump Signs Executive Order to Create Oz Council President Trump’s newly created Opportunity and Revitalization Council was established December 12 to find ways to better use public funds to revitalize urban and economically distressed communities. Chaired by Ben Carson, Secretary...
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We finally have guidance from the Treasury Department! This critical information is now being highly scrutinized and we expect to have more detailed information for investors soon. Please find a link to the regulations here. ...
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There is much confusion regarding how the opportunity zones are going to be utilized nationwide to spur investment in low-income communities. Everyone seems to have a different take on exactly what the legislation means. We continue to work with our...
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So why OZ? Why focus so much time and energy in Opportunity Zones? Through my own journey that began 18 years ago, I’ve seen my seemingly divergent work experiences, passions and excitement line up perfectly with what I am doing...
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We are hearing that the official Guidance from the Treasury Department could be out by the end of the month. The hope is that the proposed regulations will be available so that investors can utilize this amazing tax incentive asap....
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Straight from the IRS, please click the link for a list of answers to frequently asked questions. IRS FAQ...
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The media has discovered Opportunity Zones and you can now find hundreds of articles discussing pros and cons of this new tax incentive. There will always be people who find negatives in any new investment idea, but we strongly believe that...
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