Skip to Content

Alert: IRS releases new Opportunity Zones regulations

October 23, 2018 Article 10 min read
Authors:
Valerie Grunduski Gordon Goldie
The IRS has released new regulations on how to utilize the newest development incentive, opportunity zones to give more clarity to the program.

Buldings  As taxpayers and their advisors have sought to understand the Opportunity Zones incentive, many questions have arisen. On Oct. 19, 2018, the Treasury Department and IRS provided the first round of authoritative answers in the form of proposed regulations and a revenue ruling. While these regulations do not answer all questions, they are a significant first step in implementing opportunity zones.

Related Thinking

U.S. government building.
September 22, 2023

IRS halts processing of new ERC claims; new processes to be implemented

Article 9 min read
Business professionals walking around manufacturing facility.
Sept. 19, 2023

Inflation Reduction Act: Section 45X advanced manufacturing production credit

Webinar 1 hour watch
Business professionals in a modern conference room discussing Section 958.
September 19, 2023

Section 958: New downward attribution rules affect filing requirements

4 min read