Opportunity Zone Funds: Structuring and Hot Topics

This program will discuss practical considerations in forming and/or expanding new businesses in opportunity zones, which will allow exclusion from gross income for equity investors on appreciation in investments in qualified opportunity funds held for at least 10 years. The program will benefit tax attorneys, accountants, and principals, including home offices. There will also be a discussion of potential traps for the unwary, including the use of the working capital safe harbor.

Learning Objectives:

1. Discuss the newly anticipated legislative reforms to OZFs

2. Understand how to meet the Working Capital Safe Harbor and how to modify the Safe Harbor plan

3. Consider the 2021 Corrective amendment relating to the Working Capital Safe Harbor and the Substantiality Test

4. Discuss how investment in Affordable Housing may be stimulated

5. Compare the application of Section 1031 Like-Kind Exchanges to OZ Tax Benefits