If you're an investor looking to make a difference in the community or want to diversify your portfolio, you may want to explore the tax benefits of long-term investment in low-income communities.
The Qualified Opportunity Zone (QOZ) program creates opportunities for investors to defer the capital gains tax on qualifying investments in economically-distressed communities. More significantly, it provides tax-free appreciation on an opportunity zone investment if held for more than 10 years. To receive the program's full benefits, however, certain compliance conditions must be met on both the fund side and the business side. Further complicating matters is the updated QOZ regulations the IRS has released in the years since the tax reform law put the program into effect.
Our team brings an in-depth understanding of the QOZ program rules, including how ongoing updates to the IRS guidance affect you. We help investors, QOZ funds, and businesses meet compliance requirements while informing your strategy on how to best capitalize on the opportunities in the program.