The final IRS Regulations released December 19, 2019 modify and clarify some of the previously proposed regulations, and retain most of the previously proposed regulations, for real estate investors and developers in Opportunity Zone projects. The IRS Release of the final Opportunity Zone regulations – consisting of 350 pages of…
By Catherine Holmes, Brad Cohen and Jamie Ogden The latest IRS Proposed Regulations Released April 17, 2019 provide greater flexibility to real estate developers seeking capital from investors for Opportunity Zone projects. Some of the problems posed for real estate developers and others under the new Opportunity Zone (“OZ”) tax…
By Catherine Holmes, Brad Cohen and Guy Maisnik On October 19, 2018, the IRS issued the first set of proposed regulations and a New Revenue Ruling on new Internal Revenue Code Section 1400Z-2 governing Opportunity Zone investments. Under the new Opportunity Zone tax law, taxpayers who realize taxable capital gains…
by Catherine DeBono Holmes and Bradford S. Cohen Real estate developers have a new source of investment for their development projects, created by the Tax Cuts and Jobs Act of 2017 A new tax incentive for investment in low-income areas designated as “Opportunity Zones” was included in the Tax Cuts…