OPPORTUNITY ZONES

How Does an Investment in an Opportunity Zone Affect Your Taxes?

Investors and developers have many questions about the opportunity zone program created by the Tax Cuts and Jobs Act of 2017. The following example gives some specifics about how these investments will be structured. Client An investor or developer has a qualifying gain of $1 million from the sale of a capital asset. She chooses [...]

2019-08-27T09:30:14-04:00July 2nd, 2019|INDIVIDUAL TAX, OPPORTUNITY ZONES|

Opportunity Zones: Open for Business

The Opportunity Zone provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) have generated significant interest among taxpayers, particularly those who may have amounts to invest from recent capital transactions. Proposed regulations on the topic have caused further enthusiasm, as they appear to give taxpayer-friendly answers to some of the questions raised by [...]

Opportunity Zones are Knocking: Should You Answer?

Investment returns often reward the patient investor. And now, the federal government is doing the same. A provision of the Tax Cuts and Jobs Act (TCJA) sets up an incentive program for investors who are willing to take a chance on long-term investments in economically depressed areas. The U.S. Treasury Department and IRS recently issued [...]

2019-01-18T10:20:39-04:00October 24th, 2018|OPPORTUNITY ZONES, TAX REFORM: BUSINESS TAX|