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Opportunity Zone Fundamentals – Structure, Compliance Requirements And Tax Filing Mechanics

4.5 (446)

Ashley Tison

OZ Pros

Monday, September 21, 2020 | 12:00 PM EDT

  • CPA
  • EA

1 Credit


Subject Area


Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00259-20-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0267)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00259-20-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00259-20-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Course Description

Capital gains tax has been generating a lot of buzz because the Treasury Department has identified ways to reduce it. One of the hidden gems of the recent tax-reform legislation is opportunity zones (generally referred to as o-zones) and the ability to defer, reduce and eliminate realized and future capital gain taxes as a result of certain investments. In nutshell, Opportunity zones are a new tool for community development, designed to provide tax incentives to help unlock investor capital to fund businesses in underserved communities.

While the OZ program comes with significant potential for positive impact, there are also serious risks. Many impact investors believe there are insufficient regulations in place clarifying how social impact will be measured and monitored — or how investors will be held accountable. Without such regulations, policy makers will have very limited information about the effects of the program, and few incentives are in place to deter negative community outcomes, including gentrification, displacement, and inequitable development. 

This course will provide :

  • A brief overview of the benefits of the Qualified Opportunity Zone tax incentive.
  • Essentials of structuring and ongoing compliance required by the legislation.
  • Overview of how the tax forms should be completed.
  • How to compute initial basis and basis adjustments?

Learning Objectives

  • To obtain a working understanding of the program
  • Advise clients with a capital gain about the benefits of the program
  • Identify potential ways to utilize the program, compute basis
  • To identify varioud ways to complete the requisite IRS forms

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeeper
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA


    [no_of_record] => 446
    [average] => 4.4507




I enjoyed the webinar. It was delivered in a way for me to understand.


Lots to share with my fellow tax staff and clients