Opportunity Zone Resource Center

Multistate-Tax-ServicesAmong the newest revelations within the Tax Cuts and Jobs Act of 2017 are Opportunity Zones.  The program intends to entice long-term private investments in distressed low-income communities by offering significant federal tax incentives to investors. 

On this site, we strive to give taxpayers as much information as possible on this unique opportunity, of which anyone can take advantage. 

Below are some resources to help you further understand the program, processes, timelines and opportunities. Bookmark this page for future reference, as we plan to add more information as it becomes available.

NEW PODCAST

July 15, 2019, The Pennsylvania Institute of Certified Public Accountants (PICPA) interviewed Chris Catarino, CPA, MT, and Steven Rossman, CPA, MST, to discuss Qualified Opportunity Zones.  Listen here.

 

The Tax Warriors® Webinar Series

June 5, 2019, "Opportunity Zone Structure & Timelines (with Royer Cooper Cohen Braunfeld)" Listen to the recorded webinar. Corresponding slides.

 

February 21, 2019,  "The Experts Discuss Qualified Opportunity Zones" Listen to the recorded webinar

 

Articles

Tax Warrior Chronicles - The QOZ Wait is Over (For the Most Part) - April 26, 2019

Construction & Real Estate - Scouting Report - Opportunity Funds, While New, Merit Scrutiny - Spring 2019

The Philadelphia Inquirer - Opportunity Zones: Rules Finally Come Out, and Yup, They're Complex (But Manageable) - January 7, 2019

The Philadelphia Inquirer - A Trump Tax Break for Investors In Some of Philly's Hottest Neighborhoods - September 24, 2018

Tax Warrior ChroniclesOpportunity Zones: Six Pages of the TCJA Create a Tax-Saving Opportunity for Everyone. - September 5, 2018

The Times-Tribune (Scranton, PA) - Municipal Officials Upbeat on Tax-Break Program - July 2, 2018

Guidance Issued by the IRS

REG-120186-18 issued April 17, 2019

REG-115420-18 issued October 19, 2018

IRC Section 1400Z-1. Designation of Qualified Opportunity Zones

IRC Section 1400Z-2. Special Rules of Capital Gains Invested in Opportunity Zones

Revenue Ruling 2018-29 - Special Rules for Capital Gains Invested in Opportunity Zones

INSTRUCTIONS Form 8996 - Qualified Opportunity Fund

FORM 8996 - Qualified Opportunity Fund

IRS FAQs - Qualified Opportunity Zones

Source Documents & Maps

Interactive U.S. Map of Designated Qualified Opportunity Zones

List of Designated U.S. Qualified Opportunity Zones 

 

 

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