Opportunity Zones

By Kevin Pinner

Canada should mirror some U.S. tax policies and review its entire taxation system ahead of global reforms, the Canadian Chamber of Commerce said in recommendations to the nation's political party leaders ahead of an anticipated early election.

By Amy Lee Rosen

President Joe Biden's proposals to increase taxes on long-term capital gains add an extra layer of complexity to opportunity zone investments because investors may not know the long-term tax consequences of their financial decisions.

By Stephen Cooper

Congressional lawmakers should revamp federal tax incentives to reach more Americans in need of affordable housing, real estate and tax professionals said Wednesday before the House Ways and Means Oversight Subcommittee.

By Emlyn Cameron

More areas would be eligible for tax-advantaged investments under the opportunity zone program created by the 2017 federal tax overhaul law under a bill introduced in the U.S. House of Representatives.

By Emlyn Cameron

The Internal Revenue Service should clarify that opportunity zone businesses affected by a federally declared disaster automatically get two additional years to make use of a safe harbor for working capital, according to a recent comment on proposed opportunity zone regulations.

By Emlyn Cameron

The Internal Revenue Service released its weekly bulletin Friday, which announced expanded automatic consent for applying for depreciation for some corporations and how new census track boundaries will interact with opportunity zones.