Tax partner Jack Miles
is a presenter for a webinar discussing the new qualified opportunity zone (QOZ) provisions found in Section 1400Z of the Internal Revenue Code, one of the most significant economic development tax incentive programs in several decades. The panel will discuss key issues, including:
- What are QOZs and the eligibility requirements under IRC 1400Z?
- What are QOFs and QOZ businesses?
- How can taxpayers ensure the deferral or reduction of capital gains and the appreciation exclusion?
- Recent IRS guidance on gain deferral and the "substantially all" requirement imposed on QOZ businesses.