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Understanding Opportunity Zones

4.5 (116)

Lance Stafford

The Strategic Group

Wednesday, September 02, 2020 | 12:00 PM EDT

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-00266-20-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0274)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00266-20-O)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00266-20-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Course Description

Tax policy has long been a tool for encouraging (and discouraging) investment in places, innovations, business expansion, and community development. Contained within the Tax Cuts and Jobs Act of 2017 was a new incentive to attract investments in communities: the Investment in Opportunity Act. Often called the Opportunity Zone (OZ) program, this tax benefit provides federal tax incentives for investors who invest capital gains into designated investment funds, called Opportunity Funds (O Funds), in low-income communities throughout the United States. QOZs are an economic development tool—that is, they are designed to spur economic development and job creation in distressed communities.

How it works is that each state nominates blocks of low-income areas by census tract, which are then certified by the Secretary of the U.S. Treasury via his delegation of authority to the Internal Revenue Service. Through the IRS, investors can file a Form 8896 to create a Qualified Opportunity Fund — vehicles structured as either a partnership or corporation for the purpose of investing in an OZ census track, whether in real estate or directly in businesses through equity. The fund is required to hold at least 90% of its assets in that qualifying OZ area.

Major Topics Covered :

  • Potential Tax Benefits
  • Taxpayer Related Updates From First Round Of Regulations
  • Tax Boost On Investment
  • Different Fund Types
  • Strategic Riverfront OZ Fund
  • Public-Private Partnerships
  • Investment Pipeline
  • Important Disclosures and Key Risk Factors

Learning Objectives

  • Identify taxpayers who are candidates for gain deferral
  • Recognize how to explain to an investor client how the provisions work
  • Determine how to achieve the optimal tax deferral
  • To identify the benefits of opportunity zones
  • Recognize the IRS forms applicable to qualified opportunity zone property

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • 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


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    [average] => 4.4569