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Investing in Opportunity Act - QUALIFIED OPPORTUNITY ZONES: PROPOSED REGULATIONS (LATEST)

4.4 (643)

Don Deans, CPA/PFS

Deans Consulting

Wednesday, June 03, 2020 | 02:00 PM EDT

  • CPA
  • EA

1 Credit

FREE

Subject Area

Taxes

Upcoming Webinars

Course Description

The Opportunity Zone program is the first new national community investment program in over 15 years and has the potential to be the largest economic development program in the United States. Intended to spur job creation, economic development and tax incentives to drive long-term investment to rural and low-income urban communities throughout the nation in distressed communities, the U.S. government has added Opportunity Zones to the tax code under the Tax Cuts and Jobs Act. Taxpayers may defer tax on eligible capital gains by making an appropriate investment in a Qualified Opportunity Fund and meeting other requirements.

Many investors are curios, or at the least tempted, to sow for the harvest of new Qualified Opportunity Zone (QOZ) tax breaks. Beyond the economic risk of investing in property in distressed areas, the problem is the QOZ statutes and regs don’t provide enough certainty to give would-be investors the comfort to give it a go. On April 17, 2019, Treasury dropped into our laps the second batch of long awaited QOZ proposed regulations. This is very good news. But, the bad news is we did not get all the news we needed. Either way, investors need answers today.

In this new webinar, you’ll learn:

  • The backstory: QOZ statutory scheme and first round of proposed regs (Act 1)
  • All-new round 2 of proposed regs (Act 2)
  • What Treasury and IRS have yet to tell us (Act 3)

Highlights of the webinar:

  • Recent Updates and Developments
  • IRS Regulations and O-Zones
  • Qualified Opportunity Funds (QOF)
  • Challenges Encountered
  • Strategies to Maximize Benefits

Recommended for CPAs, EAs, tax preparers and other tax professionals with responsibility for assisting clients with tax-planning strategies.

Learning Objectives

  • To recognize a Qualified Opportunity Zone Business Property
  • To recognize the various tax benefits for investors that are available under the Qualified Opportunity Zone program
  • To identify the requirements for creating and maintaining a Qualified Opportunity Zone Business
  • To identify the program requirements, including the length of time investors have to reinvest sale proceeds into qualifying investments
  • Learn Qualified Opportunity Zone regulations and their impacts on taxpayers

Who Should Attend?

  • Accounting Firm
  • Accounting Practice Owners
  • CEO
  • CFO/Controller
  • Cloud Firms
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Entrepreneurial CPA
  • Outsourced CFO
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

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(
    [no_of_record] => 643
    [average] => 4.4152
)
 

4.4

(643)
57%
31%
9%
2%
1%

JHL

The information provided by Mr.Deans was very insightful. The case studies which he discussed in this webinar helped me better understand the topic. Also, he discussed various strategies to maximize the benefits of tax that are available under the Qualified Opportunity Zone program

JK

Don's style of presenting keeps the listener engaged. He also uses real examples to explain concepts for easier understanding.

JCC

So much valuable information from Mr. Deans that will, I believe will benefit the various communities as well as the taxpayers who take advantage of the Qualified Opportunity Funds.

DE

Very knowledgable speaker on the subject matter. Real-life client experience in Opportunity Zones, providing examples of how the tax law applies in real-life situations.

CM

Great information on the QOZ - very concise and easy to follow. This has been one of the best webinars I have attended.

SL

Donald did an incredible job of tackling such a complex topic of QOZ in such a short period of time. It is definitely a course worthy of the 1-hour investment of your time. Regardless of your title or level in your organization, I would encourage everyone to listen to this course and take it to heart. Exceptionally well done!"