Qualified Opportunity Zones and Tax Credits: Capital Gain Deferral Mechanisms Under New Section 1400Z
IRC 45D(e) Requirements, Step-Up in Basis, Appreciation Exclusion, Tax Planning Strategies for Investors and More
A live 90-minute CLE/CPE webinar with interactive Q&A
This CLE webinar will provide tax counsel and advisers with a detailed analysis of the qualified opportunity zones tax-incentive mechanism provided under the tax reform law. The panel will discuss the necessary legal requirements and processes to obtain the tax credit, describe methods to ensure deferral or reduction of capital gains, and outline additional tax planning strategies associated with opportunity zone funds and businesses.
- Opportunity zone provisions under the new tax bill
- Processes and criteria designating qualified opportunity zones
- Opportunity zone funds as the new class of investment vehicles and interests they can hold
- Securing the tax benefits of opportunity zone investments
- Best practices and tax planning techniques for counsel
The panel will review these and other key issues:
- What are opportunity zones and eligibility requirements under IRC 45D(e)?
- What tax benefits do opportunity zones provide?
- What are opportunity zone funds and qualified opportunity zone businesses?
- How can taxpayers ensure the deferral or reduction of capital gains and the appreciation exclusion?
Michael I. Sanders
Mr. Sanders focuses his practice in the area of taxation, particularly in matters affecting partnerships, limited... | Read More
Mr. Sanders focuses his practice in the area of taxation, particularly in matters affecting partnerships, limited liability companies, S-corporations, real estate, tax controversy, and estate planning, including trusts and estates. He also has a large practice in the area of exempt organizations involving healthcare and low-income housing, associations and joint ventures between for-profits and nonprofits, as well as structuring New Markets Tax Credit ("NMTC") and Historic Tax Credit ("HTC") transactions. He is the author of Joint Ventures Involving Tax-Exempt Organizations (3rd Ed., 2007; 4th Ed., 2013) which was recently cited by the majority opinion in the widely covered U.S. Supreme Court decision in Burwell v. Hobby Lobby Stores, Inc. He previously served as an attorney-advisor to the assistant secretary of tax policy at the Office of Tax Legislative Counsel.Close
John Sciarretti, CPA
Novogradac & Company
Mr. Sciarretti specializes in the real estate finance, community development and renewable energy industries. He has... | Read More
Mr. Sciarretti specializes in the real estate finance, community development and renewable energy industries. He has extensive financial experience working with businesses, including more than 20 years in public accounting and four years as an executive financial manager. He specializes in the historic rehabilitation tax credit (HTC), new markets tax credit (NMTC) and the renewable energy credit (RETC). He consults with tax credit investors, syndicators, community development entities (CDE) and developers on structuring, financing and syndicating tax credits. His experience includes structuring complex financing for real estate developments and renewable energy transactions.Close
John W. Lettieri
Co-Founder and President
Economic Innovation Group
Mr. Lettieri is co-founder and President of the Economic Innovation Group (EIG). He leads EIG’s policy... | Read More
Mr. Lettieri is co-founder and President of the Economic Innovation Group (EIG). He leads EIG’s policy development, economic research, and legislative affairs efforts. He has worked in both the public and private sectors with a diverse set of policymakers, entrepreneurs, investors, and global business leaders. Previously, he was the Vice President of Public Policy and Government Affairs for a leading business association, the Organization for International Investment (OFII), where he worked closely with a wide range of member companies, industry associations, and stakeholder groups. John led the OFII’s state and federal policy work on such issues as tax reform, trade, investment promotion, and manufacturing. Prior to that, he was Director of Public and Government Affairs for a leading aerospace and defense manufacturer.Close
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