Carl Jamison and Bobby Bragg are joined by guest Alex Flachsbart of OPAL or Opportunity Alabama. "Opportunity Zones” were created in the Tax Cuts and Jobs Act of 2017. Tax nerds call that the TCJA. It’s hard to believe that we are now almost five full years from their creation. These zones encourage private sector [...]
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“Opportunity Zones” are included in the new tax law known as Tax Cuts and Jobs Act of 2017. These zones encourage private sector investment in low-income community businesses which are inside defined census tract lines throughout the United States. The new tax code allows any taxpayer to defer gains until the earlier of the [...]
The IRS released its third and final Opportunity Zone regulations at the end of 2019. Here is what you need to know. As I hope you are aware by now, Opportunity Zones were included in the new tax law known as Tax Cuts and Jobs Act of 2017. These zones encourage private sector investment in [...]
As you are probably aware if you read this blog consistently, we think Opportunity Zones have great potential for taxpayers/investors. In fact, since last fall, many of the uncertainties around Opportunity Zones have been cleared up through IRS regulations. Most people are not expecting any more official IRS guidance release so the rules of [...]
The biggest news in tax circles is, of course, the Tax Cuts and Jobs Act (TCJA) enacted late last year. But the TCJA isn’t the only important new tax legislation. With little fanfare, the Bipartisan Budget Act (BBA), a government spending measure, extended about 30 tax provisions that had expired at the end of 2016. [...]