Opportunity Zones News

Jimmy Atkinson

July 9 IRS Hearing: Podcast Episode Recap

Who spoke at the July 9 IRS public hearing on Investing in Qualified Opportunity Funds? And what are some of the biggest issues that the IRS needs to clarify in final regulations? The Opportunity Zone hearing took place at the IRS New Carrollton Federal Building just northeast of Washington DC. There were 19 groups of

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July 9 IRS hearing on Qualified Opportunity Funds

Complete recap of the July 9 IRS public hearing on Opportunity Zones

On Tuesday, July 9, approximately 100 people attended the auditorium at the IRS New Carrollton Federal Building just outside of Washington DC as 19 groups of Opportunity Zone stakeholders testified during the public hearing on proposed regulations: “Investing in Qualified Opportunity Funds” [REG-120186-18]. This was the second hearing on proposed IRS regulations, following the second

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Reid Thomas

Third-Party Administration for Opportunity Zone Funds, with Reid Thomas

Should Qualified Opportunity Funds best practices include third-party administration? And what are some Opportunity Zone trends being noticed by the industry’s largest service provider? Reid Thomas is executive vice president and general manager of NES Financial — a Silicon Valley-based fintech company that provides a purpose-built administration solution for Qualified Opportunity Funds. Click the play

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Justin Wolk

The Biggest Problem with Opportunity Zones, with Justin Wolk

What is the biggest problem in the Opportunity Zone space today? And why is there pushback from potential investors with capital gains? Justin Wolk is a capital advisor for StackSource, a New York City-based real estate technology company that connects commercial real estate developers with lenders. Click the play button below to listen to my

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Jessica Millett

QOF Formation Legal Considerations, with Jessica Millett

What are some of the most important legal considerations when forming an Opportunity Zone Fund? What are some of the pros and cons of corporation, partnership, REIT, and synthetic fund structures? Jessica Millett is partner, chair, and “Wizard of OZ” of the tax practice group at Duval & Stachenfeld, a real estate law firm headquartered

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Ashley Tison

Operating Business Opportunity Zone Fund Strategies, with Ashley Tison

The second tranche of regulations that were published two months ago clarified many questions regarding opportunity zone businesses. What are some strategies for operating business investment that OZ funds should consider? M&A attorney Ashley Tison is founder and CEO of the Charlotte, NC-based Ōz group of companies (pronounced OHz). Ōz is an opportunity zone consulting

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