KPMG report: Qualified opportunity zone rules, as of June 2020
Qualified opportunity zone rules, as of June 2020
As with almost all current developments, the ongoing pandemic has significantly disrupted aspects of qualified opportunity zone (QOZ) planning and development.
Fortunately for qualified opportunity funds (QOFs) and potential QOF investors, recent guidance from the IRS—Notice 2020-39—as well as some corrective changes in the final QOZ regulations provide much-needed relief for the 2020 tax year and beyond.
Read a June 2020 report [PDF 88 KB] that provides a brief update focusing on the relief provided in Notice 2020-39 and how QOFs and QOF investors may maximize the potential flexibility allowed by this guidance: What’s News in Tax: Qualified Opportunity Zone Rules as of June 2020—Checking In and Checking Up
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