May 19, 2021 03:07 PMIRS Regs Let Opportunity Zone Businesses Pivot Due To Virus
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.
While Democrats in Congress are well on their way to enacting an initial COVID-19 relief bill, they will face challenges when pivoting to President Joe Biden's Build Back Better goals for job creation and economic revitalization, say Russell Sullivan and Radha Mohan at Brownstein Hyatt.
The Internal Revenue Service's new notice relaxing deadlines and requirements for opportunity zone investors during the pandemic is helpful, but misses an opportunity to clarify important safe harbors, says Jessica Millett at Duval & Stachenfeld.
Future opportunity zone legislation should limit the capital gains requirement and broaden tax incentives to allow participation from currently excluded investors with deep connections to community revitalization, says Venroy July at Miles & Stockbridge.
May 14, 2021 01:06 PMOpportunity Zones Won't Change Due To Census, IRS Says
April 30, 2021 05:33 PMWeekly Internal Revenue Bulletin
April 23, 2021 06:41 PMLimited Liability Co. Ruled A Qualifying Opportunity Fund
April 13, 2021 05:47 PMKy. Gov. Vetoes Tax Breaks For Remote Workers, Data Centers
April 12, 2021 10:17 PMIRS Eyes Tweaks For Non-US Investment In Opportunity Zones
April 2, 2021 01:00 PMKy. Legislators OK Data Center, Remote Worker Tax Breaks
March 8, 2021 05:48 PMConn. To Offer Tax Breaks To Data Centers In Opportunity Zones
February 24, 2021 07:28 PMConn. House OKs Tax Break For Opportunity Zone Data Centers
February 22, 2021 06:55 PMNY Bill To Decouple From Opportunity Zones Gains Support
February 12, 2021 06:53 PMWeekly Internal Revenue Bulletin
January 29, 2021 05:33 PMProposed Historic Rehab Credit Expansion Gaining Steam
January 20, 2021 04:42 PMIRS Again Extends Opportunity Zone Deadlines, Citing Virus
January 15, 2021 05:13 PMDems May Pressure Biden To Curb TCJA Biz Benefits
January 11, 2021 05:00 PMYellen's Tenure May Be Defined Primarily In Regulatory Space
January 8, 2021 07:23 PMNY Legislator Pushes Again To Decouple From Opportunity Zones
January 3, 2021 02:23 PMFederal Tax Policy To Watch In 2021
December 9, 2020 06:55 PMIRS Notifying Opportunity Zone Cos. About Certification Issues
November 13, 2020 06:32 PMAdvancing The Democratic Tax Agenda In 2021
November 10, 2020 06:02 PMReal Estate Rumors: Boies Schiller, HPP, Capital Partners