The Opportunity Zone tax incentives program created as part of the 2017 Tax Cuts and Jobs Act continues to attract investor interest due to potential gain deferral as well as possible total gain exclusion upon exit (provided all requirements are met).
Join us for a discussion of what we are seeing in the marketplace, including common issues for self-directed Qualified Opportunity Funds, planning opportunities for existing land owners and what investors may consider as their Opportunity Zone investments mature.
We will also discuss possible legislative changes to the Opportunity Zone program that could modify the location of Opportunity Zones and require additional reporting, while also increasing the possible tax benefits for certain investors.
- Examine the background of the QOZ program and potential tax incentives.
- Explore the requirements for operating a QOF.
- Discuss possible legislative changes.
- Identify ways to optimize the tax benefits when exiting a QOF.
Adam Sweet, J.D., LL.M., Principal-in-Charge of Passthrough Entity Consulting | Eide Bailly
Adam leads Eide Bailly’s Passthrough Entity Consulting group. He has extensive knowledge in the area of partnership tax, including interpreting partnership agreements, allocation and distribution provisions, and issuing compensatory equity. He is also experienced with both the buying and selling sides of domestic and foreign joint ventures, tax credit partnerships, as well as a variety of IRS controversy matters. Adam also leads Eide Bailly’s Opportunity Zone working group.
CPE Credit: 1
Field of Study: Taxes
Level of Knowledge: Intermediate
Delivery Method: Group-Internet Based
Additional Information: This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required. For information regarding a complaint and/or program cancellation policies, please contact Amy DeGeorge.