Opportunity Zone tax questions? IRS releases extended guidance on qualified opportunity fund relief
8 Feb 2021
In Notice 2021-10, the IRS released extended guidance and relief for various opportunity zone requirements during the COVID-19 pandemic.
The additional relief extends to both investors in an opportunity zone fund and those who are operating the qualified opportunity zone fund (QOF) or a qualified opportunity zone business (QOZB).
The QOF investment that taxpayers would have had to have made to satisfy the 180-day investment period that falls on or after April 1, 2020, and before March 31, 2021, is now postponed until March 31, 2021.
More Topics
The Iron Mining Association of Minnesota (IMA) announced today that Minnesota has again been named a top-five mining state for nonfuel mineral commodities for the year 2020. Minnesota ranked fifth by the value of nonfuel mineral production, including iron ore and other commodities such as sand, gravel, and stone.
“Minnesotans...
5 Ways COVID-19 Changed Site Selection
Feb 5 2021COVID-19 didn’t just upset the established model of corporate site selection in 2020; the global pandemic obliterated it.
Site Selection Magazine’s annual survey of site selection consultants, conducted in late November, revealed five ways in which the global outbreak of coronavirus significantly altered how companies choose their business facility...
The Entrepreneur Fund has received a $2 million Grow with Google Small Business Fund loan and a $125,000 Google.org-funded grant from Opportunity Finance Network (OFN), a leading network for Community Development Financial Institutions (CDFIs). The grant will help the Entrepreneur Fund better ?serve minority and women-owned businesses in northeast and central...
Tom Lambrecht