This week, the New Jersey Division of Taxation issued key guidance on the Opportunity Zone program. The guidance provides that New Jersey will conform to federal tax rules when it comes to the Opportunity Zone tax benefits for gross income…

In light of the federal government shutdown, the hearing scheduled for January 10 to hear comments on proposed regulations pertaining to the Opportunity Zone program has been cancelled.  Click here to read more.

We will keep you apprised of

As seen on: ROI-NJ.com
By Tom Bergeron

The city of Newark has one of the top locations in the country for investors looking to take advantage of the new Opportunity Zone Program, according to a national study released Thursday morning.…

On December 12, 2018, President Donald J. Trump issued an Executive Order establishing the White House Opportunity and Revitalization Council.

> Click Here to Read the Entire Executive Order

Enough time has passed since the IRS issued its first substantive round of draft regulations and guidance on the federal Opportunity Zone program for certain Qualified Opportunity Fund (“QOF”) managers to begin their capital raise.  Some Funds are still working…

As seen on: ROI-NJ.com
By Tom Bergeron

The panelists at the Opportunity Zone program were a bit bombastic when it came time to describe the potential the program has in low-income areas.

“Too good to be true,” said one.

“We’ve…

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…