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Entries by Chad Halstead, Avery Boxell

IRS Issues Additional Relief for Opportunity Zone Investors

Posted 5:45 PM by
The fallout of COVID-19 continues to strain the investment community, and Qualified Opportunity Zones (QOZs) are no exception. The IRS provided initial relief for the QOZ community in April, extending (for many investors) the 180-day period to invest capital gains until July 15, 2020. This week, the IRS provided additional relief for QOZ investors, Qualified Opportunity Funds, and Qualified Opportunity Zone Businesses by issuing Notice 2020-39, which further relaxes some of the timeline constraints within the QOZ program.
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IRS Delivers Final Opportunity Zone Regulations

Posted 6:00 PM by
On Dec. 19, 2019, the IRS released a long-awaited gift to the tax and investment communities. A robust 544-page dissertation in the form of final Qualified Opportunity Zone regulations. The proposed guidance issued prior to the release of these final regulations left many unanswered questions and produced more than a few perplexing outcomes.
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