Proposed Opportunity Zone Rules: Round II, Part II
Part II: Changes/Updates for Real Estate Investments This blog post is the second in our series regarding the second round of proposed rules that were recently released by the IRS. Read part one here. Our blog will focus specifically on the proposed rules as they related to investments in
Proposed Opportunity Zone Rules: Round II, Part I
Part I: Much needed Guidance for Start-Ups and Operating Businesses The IRS and Treasury issued a second round of proposed rules on April 17, 2019. The second round of Qualified Opportunity Zone (QOZ) guidance includes a total of 169 pages covering topics ranging from additional definitions of the commonly used
Ohio Senate takes steps to further Opportunity Zone Investment
The Ohio Senate passed the legislation to incentivize investments to Ohio Opportunity Zones by offering a 10% tax credit on the investment. The maximum amount of credits allowed by Ohio for a two year period is $50 Million, with a per applicant cap of $1 million. Investors will apply for
Ohio Opportunity Zone income tax credit legislation introduced
News from the Governors biennial budget March 13, 2019 Under the governor’s proposal, Ohio would provide a 10 percent, nonrefundable income tax credit to those who invest in the state’s Opportunity Zones. The Executive Budget proposes a nonrefundable personal income tax credit equal to 10 percent of capital gains reinvested
Opportunity Zones: The Sleeper Hit of Tax Reform
Opportunity Zones have the potential to be one of the biggest tax incentives ever. However, we’ve found that not a lot of people are aware that they exist or how to take advantage of them. Before we get into a discussion about Opportunity Zones and the related tax benefits, ask
Tax Reform vs. Real Estate Investors: Why you won’t be filing on a postcard, Part I
To provide clarity on the effect of tax reform on the real estate industry, we will be focusing on a different aspect of the newly passed legislation every month. Keep in mind that there still are many open questions as to how these new provisions will apply to taxpayers. The