In response to requests by the OZ industry professionals, Treasury and the IRS have released relief measures to the OZ incentive in the shape of postponing certain 2020 dates and extending timelines for meeting certain requirements.
As the world deals with the COVID-19 health crisis, federal income tax incentives for businesses will be necessary for the economic recovery efforts. One of the possible economic recovery tools is the Opportunity Zone Incentive. In fact, the OZ Incentive could be a critical financing tool for operating businesses with respect to these economic recovery efforts.
How using the OZ program for operating businesses can yield even greater long-term benefits for both OZ communities and investors compared to real estate projects alone.
When Treasury released the final OZ regulations, some investors feared that Treasury Secretary Mnuchin would be the grinch that stole Christmas.
Paul WassgrenLegislative proposals range from information reporting to full repeal.
The Opportunity Zone Expo successfully hosted sold-out events in Las Vegas, New York, Chicago and Houston.
Opportunity Zone Magazine StaffWhy it’s important for registered investment advisors and fund managers to use a qualified custodian to help protect their clients and help the fund grow.
Even though Treasury addressed many of the challenges facing multi-asset funds, more are needed to enhance the success of the OZ program, as these large funds could help diversify investments to offset the risks of investing in areas that have traditionally struggled to attract investor capital.
Based on data since the launch of the OZ program, investor motives are shifting and funds are heading to those OZ communities that need it most.
Why agriculture may hold the potential to be one of the most impactful means to attract capital into rural opportunity zones and to benefit people living in disadvantaged, small town communities.
Allison SpenceAn evaluation of the Opportunity Zone program from an owner’s perspective, comparing the value of property transactions in some of the country’s top ranked and lower ranked zones. Has the increased attention in Opportunity Zones created an increase in value?
Why business owners and their advisors should consider the benefits and consequences of including OZ investment capital in the company's options for capital raising.
Brian PhillipsThe pros and cons for investors when it comes to comparing Code Section 1031 and the Opportunity Zone tax incentive.
When it comes to cannabis related Opportunity Zone deals, land development is the key to most desired cannabis opportunities.
Legal opinions have traditionally mitigated risk for investors. Following the release of the second proposed rules and regulations by the U.S. Treasury Department, a new opinion practice has emerged in the Qualified Opportunity Zone marketplace.
Paul Wassgren