IRS Issues Notice 2020-39: Provisions Provided for QOF Investors Affected by COVID-19
The 2017 Tax Cuts and Jobs Act introduced legislation surrounding the Opportunity Zone Program, a tax incentive program allowing tax breaks for those investing in Qualified Opportunity Zones (QOZs). The investments, in turn, initiate economic development and job creation within these designated communities under economic distress. As with almost every aspect of our personal and
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