The Opportunity Zones Podcast is now on YouTube!
The Opportunity Zones Podcast is now on YouTube!
How much do you know about opportunity zones? Maybe you know the basics — that the opportunity zones program is an economic policy intended to revitalize some of the most economically distressed areas of the…
Most qualified opportunity zone funds are geared toward real estate. Because 90% of a fund’s assets must be held within OZ geographies, real estate investing is simpler than business venture investing. That said, the actual…
Due to the preferential treatment created for Puerto Rico in US Code Section 1400Z-1(b)(3), nearly the entire island is an opportunity zone. Governor Ricardo Roselló has estimated that the opportunity zones initiative “has the potential…
Professional tax advisor Tony Nitti of WithumSmith+Brown’s National Tax Service Group has an excellent and thorough (and at times humorous!) Q&A-format article on Forbes this week. The article dives headfirst into many of the subtle…
Earlier today, the U.S. Treasury Department released REG-115420-18, Investing in Qualified Opportunity Funds — a 74-page regulatory document that clarifies many ambiguities surrounding the new opportunity zones program created by Trump’s Tax Cuts & Jobs Act,…
East Coast law firm Day Pitney recently wrote an article highlighting many of the biggest unanswered questions about Section 1400Z on qualified opportunity zone funds ahead of the release of official regulations from the IRS.…
John Pantekidis, CIO and general counsel for multi-family office TwinFocus, recently contributed an article to Forbes explaining why Qualified Opportunity Zone investments could be considered a “once-in-a-lifetime” program for high net worth individuals (HNWIs) and…
Back in June, the Kresge Foundation and the Rockefeller Foundation jointly announced a request for letters of inquiry from fund managers who had plans to establish opportunity funds. Of the 141 responses received, last month…
Secretary of Treasury Steven Mnuchin was interviewed by The Hill’s editor-in-chief Bob Cusack during a live event last week. The interview was wide-ranging, but briefly covered the new opportunity zones tax incentive, where Mnuchin expressed…
While the IRS works on opportunity zone guidance, Bob Ibanez, senior public policy manager at Novogradac & Company, has suggested in a recent article that the Treasury department use the lessons they have learned from…