The Zones7 mins
The Funds12 mins
Sin Business Limitation22 mins
Fund’s Original Use24 mins
CPA Responsibility40 mins
The Future44 mins
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:
Highlights of the webinar:
Recommended for CPAs, EAs, tax preparers and other tax professionals with responsibility for assisting clients with tax-planning strategies.
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.
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.
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
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