In response to growing questions surrounding this new, complex and long-term investment strategy, Friedman LLP formed the Qualified Opportunity Zone (“QOZ”) Consulting Practice. With QOZs currently spanning 12% of the land area of the nation, there is a tremendous opportunity for individual, trust or corporate investors to reap significant tax advantages. The question is, how?
The QOZ program, created under the 2017 Tax Cuts and Jobs Act (“TCJA”), is a tax incentivized investment initiative meant to spur economic growth in low-income communities while providing investors with additional capital to expand existing businesses, form new businesses, or fund real estate developments.
Friedman’s strategically assembled QOZ Consulting Practice brings diverse and in-depth industry expertise to guide you through the TCJA, address the unique challenges you face and help you leverage key tax incentives to maximize your investments. Our QOZ advisors will deliver:
Expert advice to capitalize on QOZ tax incentives. Our experienced advisors are equipped to help you reap the maximum tax benefits by reinvesting capital gains into qualified opportunity funds.
Strategic guidance on forming a Qualified Opportunity Fund. While this new investment vehicle offers substantial tax benefits, there are complex requirements that must be met in order to qualify. Friedman’s QOZ consultants will guide you through the process.
In-depth and expansive industry knowledge. Our QOZ consultants will help you navigate the complexities of this new law by drawing from decades of tax expertise across an array of industries including real estate, retail, hospitality and private clients.
Cutting-edge TCJA expertise. Friedman has stayed at the forefront of the tax reform, which was passed after President Trump’s election. The QOZ Consulting Practice includes advisors with direct access to breaking news from Capitol Hill, sought-after thought leaders and members of the firm’s elite TCJA Task Force.
To take advantage of this powerful investment opportunity while helping to transform underserved communities, connect with a member of the QOZ team or contact us.
Ready to invest in Qualified Opportunity Zones? Our team of experts are prepared to guide you through the complexities of this new tax incentivized program with targeted advice to position you for financial success.
Access critical insights in areas spanning:
- Navigating clients through creating a fund and maintaining it after creation
- Advising on the fund’s compliance with the asset testing rules
- Providing key insights on how to structure projects and activities within the opportunity zone
- Outlining the requirements for permanently excluding the appreciation on investments in qualified opportunity zone funds held for a minimum of 10 years