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Wednesday, December 2, 2020 Webcast

Tax Advantages of Investing in Opportunity Zones (X1-OZTA-2020-01-WEBNR-337-01)

10:00 AM - 12:00 PM EST

Webcast


2.0 CPE Credits in TX

OVERVIEW

The IRS recently issued final regulations giving investors more guidance regarding Qualified Opportunity Funds. Qualified Opportunity Funds are complex investment vehicles that provide tax incentives to investors. Taxpayers investing in a Qualified Opportunity Fund can defer capital gains, adjust basis to reduce the deferred capital gain and, if the 10 year holding period is met, eliminate gain on the new investment. An Opportunity Zone is an economically distressed community where new investments, under certain conditions, are eligible for preferential tax treatment. This program is a general introduction a new tax planning strategy with which clients will expect tax practitioners to be conversant.

DESIGNED FOR

Tax practitioners who wish to be prepared to discuss Opportunity Zone investments with their clients.

BENEFITS

  • Prepare tax advisors to discuss the tax consequences of investing in Opportunity Zones with their clients

HIGHLIGHTS

  • What is an Opportunity Zone?
  • Gains that qualify for deferral if invested in an Opportunity Zone
  • What is an Opportunity Zone business?
  • How to elect the deferral of gain
  • Timing requirements related to Opportunity Zone investments
  • What is an Opportunity Fund?
  • What are the tax advantages of investing in an Opportunity Zone?
  • Where are Opportunity Zones located?
  • How taxpayers self-certify
  • What is the 70%/30% rule?
  • What the “original use” requirement means
  • Economic issues relating to investing in Opportunity Zones
  • Outstanding unanswered questions relating to Opportunity Zones

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Michael Tucker

Michael J. Tucker, CPA, Ph.D., J.D., LL.M.

Ph.D., JD, CPA

Professional Education Network

Michael J. Tucker is an employee of Surgent McCoy CPE, LLC and a consultant for the accounting firm of T.M. Byxbee Co. in Hamden, CT. He is the author of many professional articles and a veteran TV and live-seminar presenter. In addition, he heads up Surgent McCoy's webinar efforts, where he writes and hosts many of the webinars Surgent McCoy sponsors and presents. Mr. Tucker was a professor at Quinnipiac University in Hamden, CT and worked with KPMG Peat Marwick and Deloitte & Touche. Mr. Tucker received his J.D. from New York University, his LL.M. from Georgetown University Law Center, and his Ph.D. from the University of Houston.

PRICING

$79.00 - Member

$89.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

Surgent