Tax,
Real Estate/Development
Jun. 17, 2020
IRS notice provides COVID-19 relief for opportunity zone investors
Offering significant relief from the repercussions of the coronavirus pandemic, the Internal Revenue Service recently released Notice 2020-39, providing generous benefits for qualified opportunity funds and their investors.
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
Offering significant relief from the repercussions of the coronavirus pandemic, the Internal Revenue Service recently released Notice 2020-39, providing generous benefits for qualified opportunity funds and their investors.
Part of the Tax Cuts and Jobs Act of 2017, opportunity zones provide significant tax breaks to investors who develop projects in economically distressed communities, often deferring capital gains taxes indefinite...
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