Opportunity Zones News

David Sillaman

David Sillaman: Creating an Opportunity Zone Fund (Episode #2)

Today’s guest is opportunity fund consultant David Sillaman, president and fund developer at Eazy Do It Opportunity Funds. Approximately $6.2 trillion in capital gains is eligible for investment in opportunity zone funds, with the potential to create a huge change across America. Some estimates expect $150-$250 billion to flow into these funds between now and

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Jimmy Atkinson

Welcome to the Opportunity Zones Podcast

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 country, and that to encourage investment in such communities, huge tax benefits await investors. Capital gains deferral on the front

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U.S. Capitol

Business venture investing in opportunity zones

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 purpose of the legislation itself was to spark small business and entrepreneurship in oft-ignored areas of the country — not

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Puerto Rico

Puerto Rico governor sends OZ bill to Legislative Assembly

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 to inject more than $600 million in new investments into the local economy.” Earlier this week, the governor sent a

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IRS Building

Opportunity zones legislation Q&A

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 nuances of the legislation, dealing with original gain deferral, the 180-day window, qualified opportunity funds, OZ property, and tax savings.

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U.S. Treasury Building

Treasury Department releases proposed opportunity zones regulations

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, but also raises additional questions. The regulations are still not finalized. There are a few more steps to go through

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IRS Building

The 8 biggest unanswered questions about opportunity zone funds

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. For commentary on each of these questions, check out the original article at DayPitney.com. How does a business’s need for

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Housing

Opportunity zones a “once-in-a-lifetime” opportunity for UHNW families

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 ultra high net worth (UHNW) families. Pantekidis makes several interesting points in his article about unknowns, including: In some cases,

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