Opportunity Zones
Unlocking the opportunity
Qualified Opportunity Zones (QOZs), introduced in the 2017 "Tax Cuts and Jobs Act," enables taxpayers to defer and reduce capital gains to unlock substantial tax incentives. It promotes long-term investments while enabling investors to achieve financial returns and make a positive community and social impact.
April 21, 2021 | Proposed regulations introduce new requirements for foreign and certain partnership investors in qualified opportunity funds
April 21, 2021 | Proposed regulations introduce new requirements for foreign and certain partnership investors in qualified opportunity funds
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Proposed regulations
CalOZ Assist Launched
December 17, 2020 | KPMG LLP is pleased to announce that it has launched CalOZ Assist, a new partnership with CalOZ, to help organizations overcome the initial challenges in engaging with the new and fast-evolving Opportunity Zone (OZ) landscape. CalOZ is a nonprofit trade organization dedicated to maximizing the transformative potential of OZs in California. Through CalOZ Assist, CalOZ members with limited in-house expertise and resources will have improved access to critical information needed for success in the OZ ecosystem.
With CalOZ Assist, approved parties will have access to reduced-fee introductory consultations with the KPMG national OZ practice. The firm's network of OZ and tax professionals will be available for 30- and 60-minute sessions to demystify key components of the OZ incentive and suggest next steps on how to comply with OZ program requirements. For more information, contact Orla O'Connor or John Kinsella.
Recent QOZ insights
Watch Opportunity Zones 2021: An Evolving Investment Vehicle, April 21, 2021
Read Reporting the Impact of Qualified Opportunity Zones, March 17, 2021
Read Covid Relief Extended for Qualified Opportunity Funds and Investors, February 17, 2021
Read Withholding and QOZs: Treasury Withholds Relief, and Non-U.S. Investors Withhold Capital, December 16, 2020
Watch QOZ Quick Hit: U.S. Election Impact, Webcast, October 26, 2020
Watch QOZ Quick Hit: State and Local Update, September 29, 2020
Learn The 21st Century New Deal — Version 3.0, QOZs Final Regulations and Corrective Amendments, June 30, 2020
Read Qualified Opportunity Zone Rules as of June 2020 — Checking In and Checking Up, June 22, 2020
Read Timing Considerations for QOF & QOF Investors in Light of COVID-19, March 24, 2020
Read Tax Incentivized Projects in QOZs—Incentives that May Work Together, March 23, 2020
Read The Road Has Been Paved, Summary and Observations on Final QOZ Regs, January 23, 2020
More insights
Listen | Realty Speak—Latest on QOZ Guidance, Podcast, June 10, 2019
Read | Initial Impressions of Final Regulations for Opportunity Zones, December 20, 2019
Read | Opportunity Zones—Unlock New Opportunities, September 2019
Read | Opportunity Zones and REITS—The Latest Guidance from Treasury and the IRS, June 24, 2019
Read | A New Path Forward, Summary and Observations on Proposed QOZ Regs, May 1, 2019
Read | Opportunity Zones and Privately Held Companies, December 2018
