IRS issues Q&A, providing more certainty for investors in how, when and what opportunity zone investments are eligible for tax breaks.   Along with the Tax Cuts and Jobs Act of 2017 (TCJA) came some generous tax breaks to encourage investment in economically underserved markets. Until now, though, the rules for claiming the tax breaks on...

IRS proposed regulations and a related revenue ruling clarify the type, timing, and tax deferral provisions for maximizing the tax benefits of a Qualified Opportunity Zone (Zone) investment. The earlier a taxpayer invests in a Zone, the greater potential step-up in tax savings. The IRS issued proposed regulations and a related revenue ruling addressing the...

Trillions of dollars in long-term capital may soon be making its way into distressed rural and urban communities hungry for opportunity. The vehicle for change is a new tax-advantaged program that encourages investment in needy neighborhoods. Enacted by the 2017 Tax Cuts and Jobs Act, the Opportunity Zone program gives investors a tax break on...