PEOPLE SERVICES COLLABORATION Investment Tax Credits & Opportunity Zones SHARE PDF OVERVIEW PEOPLE REPRESENTATIVE MATTERS PUBLICATIONS EVENTS HAVE A QUESTION? Jonathan Stein +1 212 878 5183 Email Nathaniel D. Razza*, CPA +1 617 574 2295 Email Overview Our Tax Group has represented sponsors and investors in a wide range of activities generating investment tax credits and has deep expertise in guiding taxpayers on obtaining and preserving such credits. We represent funds set up to take advantage of low-income housing credits, historic tax credits, and solar energy credits, among others. Our Tax Group has represented sponsors and investors in a wide range of activities generating investment tax credits and has deep expertise in guiding taxpayers on obtaining and preserving such credits. We represent funds set up to take advantage of low-income housing credits, historic tax credits, and solar energy credits, among others. Our Tax Group was an early leader in guiding clients to take advantage of the tax incentives available to investors in qualified opportunity funds focused on opportunity zones. Opportunity zones, created by the Tax Cuts and Job Act, are economically distressed communities, which provide powerful tax benefits to investors and were designed to contribute to economic development. We are skilled in assisting clients with the following issues related to Opportunity Zones: Affordable housing and tax credit matters Asset, property management, & operational issues Financing components (senior, mezzanine, and preferred equity) Fund formation & structuring Opportunity business investments Real estate acquisitions & dispositions Securities offerings & compliance Tax compliance, structuring, and other related matters The qualified opportunity zone incentive provisions allow taxpayers who recognize a gain from the sale of an asset (including non-real estate assets such as stocks or securities) to defer the tax on the gain by reinvesting the proceeds from the sale within 180 days into a Qualified Opportunity Fund formed and operated to invest in certain Qualified Opportunity Zones which have been designated in parts all 50 states, the District of Columbia, and all five U.S. territories. The incentive program also exempts from tax the gain on any Qualified Opportunity Zone investment held for at least 10 years. To view the IRS's interactive map of all Opportunity Zones, click HERE. To learn more, contact any member of our Tax Group. FEATURED PUBLICATION Qualified Opportunity Zones: Final Regulations Provide Clarity GO Contact Us Stay Connected Privacy Policy Cookie Policy Terms of Use © 2021 Goulston & Storrs PC. All Rights Reserved. Website Credits Attorney Advertising. Prior results do not guarantee a similar outcome. Private Client Portal Close We use cookies to improve the functionality and performance of our online services. Information on the cookies and other tracking technologies used can be found on our Cookie Policy page, along with instructions on disabling them. If you continue to use this website you consent to our use of cookies. I AGREE