Investors and developers are looking forward to netting significant tax benefits through the 2017 Tax Cuts and Jobs Act’s new Opportunity Zones — but significant confusion remains over how the program will work, and what immediate action interested parties should be taking.
A windfall of investors are pursuing Qualified Opportunity Fund (QOF) investments following the release of IRS guidelines that clarify requirements.
For investors interested in opportunity zones, experts say selecting the right location for their investment should be carefully considered.
Opportunity Zones can provide favorable capital gains for taxpayers with unrealized gains who invest in the struggling areas.
Opportunity Zones are low-income communities around the country that have been chosen by the governors of each state to attract investment funds by offering tax incentives to investors.
Qualified Opportunity Funds pool diverse investor funds and allocate those funds into eligible businesses and properties within Qualified Opportunity Zones.
Investor interest has picked up since the IRS and the Treasury Department released the first version of rules for investing in Opportunity Zones. This could be promising news for cryptocurrency investors.
Those looking to invest in a qualified opportunity fund (QOF) should first turn to experts for help.
Medical and recreational cannabis industries are fair game for OZ investors.
California State Treasurer Fiona Ma announced Friday at the Opportunity Zone Expo that the Golden State is looking to conform aspects of its tax code with Opportunity Zone legislation in an effort to boost local economies and spur investment.
The IRS public hearing about the proposed regulations for the Opportunity Zone program scheduled for Thursday, Jan. 10, has been postponed due to the partial federal government shutdown. In a notice published Monday, the Internal Revenue Service said a new public hearing date will be announced once appropriations for the Treasury Department have been restored. The hearing date, which will be published in the Federal Register, will be at least two weeks after the announcement of the date.
More than 1,000 professionals from around the United States attended the Opportunity Zone Expo on Friday in downtown Los Angeles to learn and network about Opportunity Zones.
The IRS public hearing date regarding proposed regulatory changes to Opportunity Zone legislation is set for Feb. 14. The original hearing was postponed due to the partial U.S. government shutdown.
Adam Laxalt is the 33rd attorney general for the state of Nevada. He took the office in January 2015, which, at the time, made him the youngest attorney general in the country. His term ends in 2019.
Fiona Ma was elected as California’s 34th state treasurer in November of 2018, receiving 7.8 million votes, more than any other candidate for treasurer in state history.