Qualified Opportunity Zones and Tax Credits: IRS Regulations, Capital Gain Deferral Mechanisms, Section 1400Z
IRC 45D(e) Requirements, Step-Up in Basis, Appreciation Exclusion, Tax Planning Strategies for Investors, and More
Recording of a 90-minute premium CLE/CPE webinar with Q&A
This CLE/CPE course 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 much anticipated final IRS regulations issued in late 2019 for investors and the necessary legal requirements and processes to achieve these tax benefits, 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
- New IRS regulations, Rev. Rul. 2018-29 and Form 8996
- 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:
- How do the new IRS final regulations provide clarity to investors?
- What are the 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?
- How can the opportunity zone incentive be combined with other federal tax incentives, including under IRC 45, 45D(e), and 48?
- Optimizing structures for opportunity zone investments
Alan M. Blecher, JD
Mr. Blecher has considerable experience serving high-income and high-net-worth individuals and their closely held... | Read More
Mr. Blecher has considerable experience serving high-income and high-net-worth individuals and their closely held businesses. He focuses especially on partnerships, limited liability companies and S corporations.Close
Elizabeth C. Crouse
Ms. Crouse provides business-focused advice and solutions for U.S. federal, state, and international tax considerations... | Read More
Ms. Crouse provides business-focused advice and solutions for U.S. federal, state, and international tax considerations pertinent to mergers and acquisitions, corporate divestitures, internal reorganizations, cross-border transactions, private equity and venture capital fund creation and investments, and organization, operation, and sale of start-up companies. She has particular experience in assisting clients in all facets of the energy industry and multinational business, and the cryptocurrency industry.Close
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