Qualified Opportunity Zones have received a lot of attention since the program was introduced in the Tax Cuts and Jobs Act of 2017, but many questions still remain. Look to our real estate tax professionals for up-to-the-minute updates and advice on how to approach this potentially groundbreaking tax-savings opportunity.
Events
THE STOLER REPORT: OPPORTUNITY ZONES UPDATE 2020
Abe Schlisselfeld, Partner-in-Charge of the Real Estate Group at Marks Paneth, returned to The Stoler Report to provide his insights and perspective on the current state of the Qualified Opportunity Zones program and what’s in store for 2020. VIEW VIDEO +
OPPORTUNITY ZONES: UPDATES NOW THAT REGULATIONS ARE FINALIZED
APRIL 28, 2020
Abe Schlisselfeld, Partner-in-Charge of our Real Estate Group will contribute to the 2020 Federation of Exchange Accommodators (FEA) Midyear Meeting and Hill Visit session “Opportunity Zones: Updates Now That Regulations Are Finalized.” REGISTER NOW +
THE STOLER REPORT: OPPORTUNITY ZONES UPDATE
Abe Schlisselfeld, Partner-in-Charge of Marks Paneth’s Real Estate Group, appeared on an episode of The Stoler Report to discuss the latest insights into the Qualified Opportunity Zones program. VIEW VIDEO +
THE STOLER REPORT: ALL YOU NEED TO KNOW ABOUT INVESTING IN OPPORTUNITY ZONES
Abe Schlisselfeld, Partner-in-Charge of Real Estate, discusses the major changes in laws governing investments in Opportunity Zones announced in April 2019. VIEW VIDEO +
The Stoler Report - Opportunity Zones: Big Community Development Programs
Partner-in-Charge of Real Estate Abe Schlisselfeld discusses Opportunity Zones — a new tax program that has encouraged investors to reconsider real estate development areas that were initially hard to sell. VIEW VIDEO +
News & Insights
NEW YORK STATE DECOUPLES FROM FEDERAL OPPORTUNITY ZONE TAX PROVISIONS
The recently announced New York State fiscal year 2022 budget includes legislation which “decouples” New York from the federal income tax deferral available for investments in Opportunity Zones, beginning generally as of January 1, 2021. READ MORE +
TAX ALERT: KEY ISSUES ADDRESSED IN FINAL QOZ TREASURY REGULATIONS
The Internal Revenue Service and the Treasury Department issued Final Treasury Regulations related to investing in Qualified Opportunity Zones, addressing many of the questions that have arisen since the program's inception in the Tax Cuts and Jobs Act of 2017. READ MORE +
New Draft Form 8997 and Qualified Opportunity Zone Regulatory Reform
On September 25, 2019, the IRS released another form in draft status: federal Form 8997 “Initial and Annual Statement of Qualified Opportunity Fund Investments.” It requires even more information to... READ MORE +
New Draft Form 8996 and Qualified Opportunity Zone Regulatory Reform
This blog examines the newly released draft form 8996, which increases reporting requirements pertaining to Qualified Opportunity Zones. READ MORE +
Qualified Opportunity Zones vs. 1031 Exchanges: A Comparison for Active Real Estate Investors
This blog will compare two income tax deferral strategies available to real estate investors: 1031 exchanges and Opportunity Zone investing. READ MORE +
Deal Quality Has to Shine Through: Some Quick Thoughts on Opportunity Zone Investing
While much of the talk surrounding Opportunity Zones is about "getting ready to get going," Co-Partner-in-Charge of Real Estate Abe Schlisselfeld examines what investors should focus on when it's dealmaking... READ MORE +
IRS Extends COVID-Related Relief for Qualified Opportunity Funds and Their Investors
The Internal Revenue Service (IRS) has issued Notice 2021-10, which extends the COVID-related relief for Qualified Opportunity Funds (QOFs) and their investors provided in Notice 2020-39. READ MORE +
Relief Provided for QOFs and Their Investors in Response to COVID-19 Pandemic
The IRS has released Notice 2020-39, occasioned by the need to provide relief to qualified opportunity funds (QOFs) and their investors, in response to the ongoing COVID-19 pandemic. READ MORE +
Tax Alert: IRS Issues New Proposed Regulations on Qualified Opportunity Funds
The IRS has released a second round of proposed regulations regarding investments in Qualified Opportunity Funds, addressing a number of the critical issues and providing long-awaited clarity for investors seeking to take... READ MORE +
Everyone Loves Talking About Qualified Opportunity Zones
By now, most real estate professionals have heard about the Qualified Opportunity Zone (“QOZ”) program created by the Tax Cuts and Jobs Act of 2017. READ MORE +
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Industry Experts
Abe Schlisselfeld, CPA, EA
Managing Partner
Alan M. Blecher, JD
Principal
212.201.3197
ablecher@markspaneth.com
ablecher@markspaneth.com
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