Course Description
The Tax Cuts and Jobs Act gives taxpayers a new planning tool, code Section 1400Z-2, for deferring and reducing capital gains that are reinvested in a Qualified Opportunity Fund (QOF). A QOF is an investment vehicle designed to invest in property or businesses located in designated low-income areas throughout the U.S., the District of Columbia and U.S. territories. These areas are defined as Qualified Opportunity Zones (QOZs). Potential tax benefits for investing into a QOF include the deferral and partial exclusion of capital gains and the permanent exclusion from taxable income of any appreciation in the QOF interest if it is held for at least 10 years. The government recently released final regulations to help implement this new program. Join us to learn more about the QOZ program and how the recently released final regulations impact investments going forward.

Learning Objectives:

• Review the background of the QOZ program and potential tax incentives.
• Outline the requirements for operating a QOF.
• Discuss the types of property or business a QOF can invest in.
• Identify ways to optimize the tax benefits when exiting a QOF

Presenter:
Adam Sweet, JD, LLM, Principal
Adam has extensive knowledge in the area of partnership tax, including interpreting partnership agreements, allocation and distribution provisions, and issuing profits interests. He is also experienced with both the buying and selling sides of domestic and foreign joint ventures, as well as a variety of IRS controversy matters, including IRS exams and appeals hearings.

CPE Information
CPE Credits: 1
Field of Study: Taxes
Level of Knowledge: Basic
Delivery Method: Group-Internet Based

Additional Information:
These are web-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 701.476.8773.