Podcast Courtesy of OpportunityDB. The final IRS Regulations on Opportunity Zones are here – and the last guidance was extremely investor-friendly. Tony Nitti, Tax Partner at Rubin Brown, discusses the third and final IRS Regulations and Guidance. You can hear Jimmy Atkinson interview Tony in a recorded copy of the full podcast at OpportunityDB.com.
In late 2019 Opportunity Zone investors finally got the guidance they have been waiting for as the Treasury Department and Internal Revenue Service released final opportunity zones regulations. The final regulations combine and update the first and second tranches of guidance, issued in October 2018 and April 2019. In addition, the Treasury Department also included […]
The Treasury released a second Opportunity Zone guidance that greatly clarifies how investors should proceed with opportunity zone investments. The guidance has removed a number of key uncertainties that had, until now, stalled many opportunity zone projects. Note that the regulations remain proposed and the Treasury has invited and received additional comments concerning the proposed […]
Important update for real estate investors and developers. In addition to the proposed regulations, Treasury and the IRS issued an additional piece of guidance to aid taxpayers in participating in the qualified Opportunity Zone incentive. Rev. Rul. 2018-29 provides guidance for taxpayers on the “original use” requirement for land purchased after 2017 in qualified opportunity zones. […]
The IRS published the first tranche of proposed regulations that provide guidance under the new section 1400Z-2 of the Internal Revenue Code (Code) relating to gains that may be deferred as a result of a taxpayer’s investment in a Qualified Opportunity Fund (QOF). Specifically, the proposed regulations address the type of gains that may be […]
Here’s the overview published by the Treasury, IRS of the proposed regulations on the new Opportunity Zone tax incentives. After you read the overview be sure to read the proposed regulations. R-2018-206, October 19, 2018 WASHINGTON —The Treasury Department and the Internal Revenue Service today issued proposed regulations and other published guidance for the new […]