tax reform

An Update on Opportunity Zones - U.S. Treasury Releases Guidance on Opportunity Funds

An Update on Opportunity Zones - U.S. Treasury Releases Guidance on Opportunity Funds

Treasury has released its first publication for guidance regarding Opportunity Zones, which includes proposed regulations, revenue rulings, and a draft tax form specific to the certification of Opportunity Funds. These proposed regulations are the first set of guidelines since the introduction of the tax bill late last year.