Real Estate/Development,
Tax
Oct. 23, 2018
IRS releases long-awaited guidance on opportunity zone program
On Oct. 19, the Internal Revenue Service issued long awaited-proposed regulations and a revenue ruling on Opportunity Zones, a new community development program established in the tax reform bill.
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
On Oct. 19, the Internal Revenue Service issued long awaited-proposed regulations and a revenue ruling on Opportunity Zones, a new community development program established in the tax reform bill. Generally both the proposed regulations and the revenue ruling are favorable to taxpayers and should spur real estate development and redevelopment in Opportunity Zones, which are located in low income urban and rural neighborhoods throughout the United States.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In