In hosting our Opportunity Zones webinar series, we’ve received many great questions covering a wide range of important topics. To help further your understanding of this exciting program, our General Counsel, Kelly Alton, a nationally recognized tax attorney who previously worked at the Office of Chief Counsel of the Internal Revenue Service National Office in [...]
Accounting firm Ernst & Young recently published their fifth annual survey of private equity CFOs. Unsurprisingly, they found that record inflows to private equity funds over the past few years have put strain on operations for all involved, no matter the fund size or geography. For funds both large and small, heightened competition and investor [...]
Read the article Commonly, USCIS challenges to EB-5 petitions may allege an investment is not eligible because it either (a) is not held “at risk,” (b) constitutes a “debt arrangement,” or (c) will result in a “guaranteed redemption.” However, though these terms differ substantially, the distinctions are poorly understood by many EB-5 professionals [...]
Comments to the Treasury on Data Collection and Tracking for Qualified Opportunity Zones Nonprofit affordable housing advocate Enterprise Community has published its comments on the latest round of OZ guidance. “Enterprise believes the collection and public reporting of meaningful data on qualified opportunity funds (QOFs) and their investments into designated Opportunity Zones (OZs) are critical first steps towards ensuring the OpportunityZones tax incentive [...]
What are Opportunity Zones funds and 1031 exchanges? Both Opportunity Zone funds and 1031 exchanges are ways of reinvesting gains from the sale of property into other property in order to avoid current taxation and obtain valuable tax benefits. Both regimes were created by Congress and codified in the Internal Revenue Code. Both are important [...]
Read the article The EB-5 marketplace continues to evolve, and USCIS’s standards along with it. In recent years, a number of unofficial “rule” changes have trickled down to regional centers and projects, mostly by way of increased enforcement action. In this month’s featured article, Phil Cohen (founder of consulting firm Strategic Element, Inc.) [...]
Opportunity Zones Give Big Law ‘Pop-Up’ Teams Plenty of Work The pop-up teams tackle thorny issues relating to the new law, which attorneys call "unusually broad." A number of Big Law firms have created “pop-up” working groups of tax, real estate, and private funds lawyers specifically to advise Opportunity Zone clients. In fact, the new OZ space may turn [...]
EIG Applauds Bipartisan Bill on Opportunity Zones Reporting Requirements The Economic Innovation Group welcomed bipartisan Congressional action to affirm the importance of investment transparency in Opportunity Zones. “This bipartisan legislation will provide transparency regarding how and where capital gets deployed by Opportunity Funds,” said EIG President and CEO John Lettieri. He also said it [...]
Will New Opportunity Zones Rules Propel an Office Boom? The new regs could make it easier for businesses to qualify for tax breaks. The April rules clarified a number of developers’ most pressing concerns about how a property could be refinanced, and how much time real estate funds had to buy and reinvest in Opportunity Zone properties. READ THE FULL [...]
Read the article According to Form I-924 instructions for regional center designation, an application must include a business plan for how the principals of the regional center anticipate they will manage and operate the regional center once approved. In recent years, USCIS has begun to scrutinize this business plan — also called an [...]
![At Risk, Debt Arrangement, Guaranteed Redemption: Important Distinctions [Article]](https://b02s26mddy-flywheel.netdna-ssl.com/wp-content/uploads/2019/06/iStock-641479320-800x533.jpg "At Risk, Debt Arrangement, Guaranteed Redemption: Important Distinctions [Article]")
