On October 19, 2018 the Internal Revenue Service (“IRS”) unveiled its long-awaited guidance on the Opportunity Zone program. The IRS released proposed regulations which have a 60-day notice and comment period before being finalized. Although the regulations may not be
Continue Reading Opportunity Zone Guidance Released with Some Answers and Some Outstanding Questions
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In the News> NJ Governor May Join Rutgers Panel to Discuss Opportunity Zones Monday
By Ted Zangari
In an exclusive audio interview, Newark real estate attorney Ted Zangari says investors need to start identifying appreciated assets quickly so that they can engage in Opportunity Zone transactions before the end of 2019 to gain the maximum tax advantages.…
Continue Reading In the News> NJ Governor May Join Rutgers Panel to Discuss Opportunity Zones Monday
Opportunity Zones: What is All the Fuss About?
When the Tax Cuts and Jobs Act was being negotiated and considered by Congress at the end of 2017, most practitioners, developers, and business owners were trying to assess its impacts on the mortgage interest limitation, the cap on the…
Continue Reading Opportunity Zones: What is All the Fuss About?
IRS to Release Long-Awaited Regulations for Opportunity Zone Program Today
Sills Cummis has learned that later today the Internal Revenue Service will be releasing the long-awaited regulations for the new federal Opportunity Zone program together with a revenue ruling and a key document, the Form 8996 for self-certification by OZ…
Continue Reading IRS to Release Long-Awaited Regulations for Opportunity Zone Program Today
Tax Exemption for the Sale of Tax Credits Restored
Last week Governor Murphy approved legislation, Assembly bill 4495, which contained a number of technical tax changes, including the restoration of the exemption from Gross Income Tax (“GIT”) for the sale of Grow New Jersey tax credits by pass-through entities.…
Continue Reading Tax Exemption for the Sale of Tax Credits Restored
Opportunity Zones—Curb Your Enthusiasm (Maybe…)
The federal opportunity zone program offers the potential for directing new and significant capital investment to some of the country’s areas in need of development. When describing the program, we have referred to it as the next big thing in…
Continue Reading Opportunity Zones—Curb Your Enthusiasm (Maybe…)
In the News> Family Business: What You Need to Know (from the ROI-NJ Thought Leadership Series)
As seen on: ROI-NJ.com
Spirited discussion took place at ROI-NJ’s Family Business Thought Leadership Seminar in June. Sills Cummis’ Jason Sobel was one of the speakers. This article contains seminar highlights.
> Link to Full Article on ROI-NJ.com
Continue Reading In the News> Family Business: What You Need to Know (from the ROI-NJ Thought Leadership Series)
In the News> Opportunity Zones and Tax Credits: A Match Made In…?
By Ted Zangari
As seen on: HousingFinance.com
By: Catalina Vielma
Opportunity Zones have officially become the industry’s buzz phrase for 2018. Since the passage of the Tax Cuts and Jobs Act, we have watched governors designate which census tracts they want to favor…
Continue Reading In the News> Opportunity Zones and Tax Credits: A Match Made In…?
In the News> (Big) Opportunity Knocks: Why Sills Cummis’ Attorneys Feel Opportunity Zones Could Bring ‘Greatest Wealth Transfer in History of Country’
As seen on: ROI-NJ.com
By: Tom Bergeron
In this ROI-NJ interview, Sills Cummis’ Ted Zangari and Jaime Reichardt share their insights on the recently enacted federal Opportunity Zone Program.
Ted Zangari, chair of the Redevelopment Law Practice Group at Sills Cummis…
Continue Reading In the News> (Big) Opportunity Knocks: Why Sills Cummis’ Attorneys Feel Opportunity Zones Could Bring ‘Greatest Wealth Transfer in History of Country’
(Big) Opportunity Knocks: Why Sills Cummis’ Attorneys Feel Opportunity Zones Could Bring ‘Greatest Wealth Transfer in History of Country’
As seen on: ROI-NJ
By: Tom Bergeron
In this ROI-NJ interview, Sills Cummis’ Ted Zangari and Jaime Reichardt share their insights on the recently enacted federal Opportunity Zone Program.
Ted Zangari, chair of the Redevelopment Law Practice Group at Sills Cummis…
Continue Reading (Big) Opportunity Knocks: Why Sills Cummis’ Attorneys Feel Opportunity Zones Could Bring ‘Greatest Wealth Transfer in History of Country’