IRC 1400Z Qualified Opportunity Zones for Individual Investors: Tax Deferral and Reduction Opportunities
Claiming Capital Gains Tax Mitigation, Basis Step-Up on a Qualified Opportunity Fund Investment and Disposition
A live 110-minute CPE webinar with interactive Q&A
This webinar will provide tax advisers with a practical guide to understanding the tax incentives made available to investors under Section 1400Z. The panel will discuss the mechanics of Section 1400Z and the proposed regulations issued in October 2018. We will discuss how to qualify for tax benefits by investing in a QOF, the requirements to create and maintain QOFs and QOZ businesses, and key areas of the law that remain uncertain.
- Section 1400Z-2 opportunity zone provisions
- Processes and criteria designating QOZs
- Opportunity zone funds as the new class of investment vehicles and interests they can hold
- Specific tax incentives provided for in QOF investments
- Contrast incentives with qualified small business stock exclusions
- Filing and documentation requirements
The panel will review these and other key issues:
- What are QOZs and the eligibility requirements under IRC 1400Z?
- What are QOFs and QOZ businesses?
- How can taxpayers ensure the deferral or reduction of capital gains and the appreciation exclusion?
- Recent IRS guidance on gain deferral and the "substantially all" requirement imposed on QOZ businesses.
Justin M. Hannan
Mr. Hannan assists high net-worth individuals and businesses with tax planning. He advises individual clients on... | Read More
Mr. Hannan assists high net-worth individuals and businesses with tax planning. He advises individual clients on domestic and international tax issues, multi-generational wealth transfer strategies, and the sale of closely-held businesses. On the business side, Mr. Hannan advises corporations, partnerships and limited liability companies on tax matters from formation through liquidation, including implementing equity-based compensation plans and structuring spin-offs, sales and reorganizations.Close
Christopher A. Karachale
Mr. Karachale advises individuals and business entities on a broad range of tax planning and tax controversy matters.... | Read More
Mr. Karachale advises individuals and business entities on a broad range of tax planning and tax controversy matters. He has written extensively on QSBS issues. He counsels taxpayers on employee benefits and executive compensation issues, including deferred compensation and Section 409A. He assists clients with international tax compliance, including voluntary disclosures and related planning matters. He represents individuals and an array of business entities in controversy matters before the IRS and California state tax authorities.Close
Jack J. Miles
Kelley Drye & Warren
Mr. Miles has more than 35 years of experience in representing a wide variety of international and domestic clients in... | Read More
Mr. Miles has more than 35 years of experience in representing a wide variety of international and domestic clients in tax matters, with a particular focus on domestic and cross-border mergers and acquisitions, foreign investment in the U.S., U.S. investment abroad, corporate taxation, real estate and partnership taxation, telecommunications taxation, state and local taxation and tax controversy (including Foreign Bank and Financial Accounts voluntary disclosure).Close
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