by ConvergeCPA | Feb 5, 2021 | QO Zone Policy, tax savings for investors
Section 1400Z-2 describes the benefits for taxpayers who invest in a QO Zone. To receive the benefits, a taxpayer must invest in a Qualified Opportunity Fund (QO Fund). A QO Fund is any investment vehicle organized as a corporation or a partnership for the purpose of...
by ConvergeCPA | Feb 5, 2021 | QO Zone Policy, tax savings for investors
The QO Zone policy relies on collaboration between state governments and private investors. State governors are responsible for identifying the areas of greatest need within their jurisdictions, and private investors are responsible for creating funds that will...
by ConvergeCPA | Feb 5, 2021 | tax savings for investors
Qualified Opportunity Zone Funds have the potential to create large tax savings for investors, but they are not beneficial for every taxpayer. The Tax Cuts and Jobs Act (TCJA) [1] created the Qualified Opportunity Zone (QO Zone) policy. Codified in Sections 1400Z-1...
by ConvergeCPA | Jan 18, 2018 | Real Estate Tax
On December 22, 2017, President Trump signed into law tax reform legislation known as the Tax Cuts and Jobs Act (the “Act”). The Act provides the real estate industry with some significant benefits. The key provisions of the Act impacting real estate include the...