Tax Reform: Opportunity Zones

The recent Tax Cuts and Jobs Act (Tax Act) added a new provision – Opportunity Zones (OZ) under section 1400Z – which allows the deferral and partial exclusion of certain gains from the sale or exchange of an asset if those gains are reinvested in a Qualified Opportunity Fund (Q Fund) within 180 days from the date of the sale or exchange. There is also the potential for exclusion of future gains from Q Fund investments held for at least 10 years.

KPMG LLP (KPMG) is pleased to invite you to a TaxWatch Webcast that will discuss the recent IRS/Treasury guidance relating to investing in Q Funds and the types of qualifying investments that can be made by Q Funds.  Professionals from KPMG’s Washington National Tax and State and Local Tax practices, including Rich Blumenreich, Joe Scalio,  Susan Reaman, and Ulrich Schmidt, will discuss:

•  An overview of new section 1400Z
• Highlights of the new section 1400Z regulations
• Issues and planning opportunities under section 1400Z
• State and local incentive and tax considerations
•  Considerations for tax compliance and investor reporting for 2018.

Please join us for what promises to be an insightful and informative Webcast.

For the latest insights on Opportunity Zones, visit KPMG's dedicated Webpage here.