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

Course Details

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ADDITIONAL DATES

Oct 26, 2020 | 01:00 PM EDT Register

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

About Presenter

Don Deans, CPA, PFS

Accounting Manager, Deans Consulting

ddeans@deansconsulting.net

Don has supported individual and corporate clients as a CPA for more than 40 years and as a registered representative for 18 years. Don has his BSIR and MBA from the University of North Carolina in Chapel Hill.

He began his career at Haskins & Sells in 1974 and was a partner at Deloitte Haskins & Sells from 1985-1990. Don is a nationally recognized speaker, published author, and thought leader in the accounting and finance communities. His guidance has been sought out by the Journal of Accountancy, Hartford Business Journal, and statewide CPA magazines in Connecticut, Georgia and North Carolina. Don is a member of the American Institute of Certified Public Accountants (AICPA), NC Association of CPAs (NCACPA), New York Society of CPAS (NYSSCPA), and the Georgia Society of CPAs (GSCPA). You can find his articles published by the Georgia Society of CPAs at www.gscpa.org.

Don resides in Charlotte, NC with his wife Kim and their three children, Will, James and Lauren. He also has three adult daughters, Mary Kathryn, Elizabeth, and Rebekah, as well as five grandchildren. Whether pursuing a thorough due diligence review before recommending a new product for a specific tax obligation, or dancing the night away at a Hornets game, Don Deans goes beyond what is comfortable to get the job done – all while enjoying life and the people he meets.

Deans Consulting is dedicated to helping businesses, professionals, and individuals navigate the complex world of tax strategies. We educate our clients through speaking, publishing, and consulting, and strive to provide creative solutions tailored to each client.

FAQ

  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete webinar and respond to all polling questions asked during the webinar. CPE is issued on 50 minute credit hour basis.
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you are Canadian Chartered Professional Accountant (CPA) many of our courses qualifies for your verifiable CPD requirements you will get your certificate for the program. You can check a tab of “Webinar Qualifies for” for the same.However please do verify with respective regulatory body about the eligibility for the same.
  • Many of our courses are approved by “CFP Board” for CE credits of certified financial Planner(CFP). Please check a tab of “Webinar Qualifies for” to verify whether webinar qualifies for CE credits for CFP or not.

Refund/Cancellation Policy

For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128

In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).

Reviews

4.3
(166)
52%
33%
11%
2%
2%
  • JHL
    Jin Ho Lee , EA, Attorney
    May 20th 2020
    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
CM
Cindy Miller , EA
Great information on the QOZ - very concise and easy to follow. This has been one of the best webinars I have attended.
SL
Son Lee , EA
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!"
EA
Emebet Alemu , CPA
I have to say that this was honestly one of the best webinars I have attended. The instructor, Donald Deans, was able to get through all of the material without rushing; he finished on time; his knowledge of the IRS Regulations and O-Zones was phenomenal. Kudos to myCPE for using such a talented instructor such as Mr Deans! Well done!!"
LF
Lei Fang , CPA
This is a great webinar! Donald really explained QOZ and IRS regulations very well. He’s also quite knowledgeable about treasury and IRS in an understandable fashion. All tax accountants will benefit from taking this class. I’m looking forward to the next one."
TCWJ
Theo C Watkins Jr , EA
I would like a prospectus for the investments mentioned in the webinar. email is tedwatkins28@gmail.com

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MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary

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MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

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  • Cost FREE
  • CPE Credits 1
  • CE Credits 1
  • IRS Course ID GEHNZ-T-00140-20-O
  • CTEC Course ID 6273-CE-0152
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method group internet based
  • Prerequisites None
  • Advanced Preparation None
  • Who should attend? Enrolled Agent Tax Practitioners CFO/Controller CPA - Small Firm CPA - Mid Size Firm CPA - Large Firm Accounting Firm Tax Pros CPA (Industry) Tax Firm Young CPA CPA in Business Entrepreneurial CPA Outsourced CFO Accounting Practice Owners CEO Cloud Firms Tax Managers Tax Preparer
  • Handout Material Download

upcoming Live CPE Webinars

Practical Guide to IRAs – Contributions & Distributions for Traditional, Roth, SEP & SIMPLE IRAs
Thursday, October 22, 2020 | 10:00 AM EDT View Details/Register
Complete CFO Guide on Analytics,Corporate Performance Management,Budgeting,Reporting
Thursday, October 22, 2020 | 10:00 AM EDT View Details/Register
Best Workshop on S Corporation (Form 1120S) Tax Return Review & Case Study (NEW)
Thursday, October 22, 2020 | 08:00 AM PDT View Details/Register
Tax Updates Latest (Business & Payroll)
Thursday, October 22, 2020 | 08:00 AM PDT View Details/Register
Business Tax Update 2020
Thursday, October 22, 2020 | 03:00 PM EDT View Details/Register
Your Client Has Not Filed a Tax Return for Many Years and Comes To You, Now What?
Thursday, October 22, 2020 | 03:30 PM EDT View Details/Register
PPPFA UPDATES (WITH LATEST GUIDANCE FROM SBA)
Thursday, October 22, 2020 | 04:00 PM EDT View Details/Register
Tactical and Strategic Roth Conversions in 2020 after the Secure Act (Latest Update)
Friday, October 23, 2020 | 09:00 AM EDT View Details/Register
BEST TAX RETURN WORKSHOP ON S CORPORATION (1120S)
Friday, October 23, 2020 | 10:00 AM EDT View Details/Register
Fundamentals Concept of Trusts & Estates for Planning & Compliance
Friday, October 23, 2020 | 10:00 AM EDT View Details/Register
DUTY TO REASONABLY ACCOMMODATE: THE ADA, TITLE VII & FMLA
Friday, October 23, 2020 | 10:00 AM EDT View Details/Register
Conversion of Historical data from different Accounting Software to QuickBooks Online
Friday, October 23, 2020 | 10:00 AM EDT View Details/Register
BEYOND WORKING REMOTELY – CASE STUDIES | BENEFITS | CHALLENGES FOR ACCOUNTING & TAX FIRMS
Friday, October 23, 2020 | 11:00 AM EDT View Details/Register
Partnership Preparation, Basis Calculations & Distributions–Form 1065 Schedule K & K-1 Analysis
Friday, October 23, 2020 | 08:00 AM PDT View Details/Register
QBO: Banking Feed and Reconciling - Make Rules & Automate
Friday, October 23, 2020 | 11:00 AM EDT View Details/Register