30 August 2020

OZones + QOFs

Let's start off by stating that these two subjects are complicated. It's not a short easy read. Readers will need to set aside a considerable amount of time to get acquainted with both.
Readers of this blog know there havw multiple posts published here and are encouraged to use the convenient Search Box to search for both official information and points-of-view 
_________________________________________________________________________________

Opportunity Zones Frequently Asked Questions | Internal ...
www.irs.gov › credits-deductions › opportunity-zones-f...
www.irs.gov › credits-deductions › opportunity-zones-f... 
Cached

Opportunity Zones are economically-distressed communities that may qualify ... Designated Qualified Opportunity Zones ... Qualified Opportunity Funds (QOF) ...
_______________________________________________________________________________
2 days The Rose Law Group Reporter published a reprint from Realtor Magazine 08.26.2020
Federal agencies asked to consider move into opportunity zones;
Dan Gauthier, RLG transactional attorney handling many opportunity zone investments, comments
Posted by   /  August 28, 2020  /  No Comments
"President Donald Trump signed an executive order this week (24 August 2020) for federal agencies to prioritize moving their offices to opportunity zones, low-income areas flagged for revitalization. The executive order could prompt some federal agencies, such as the Department of Labor and Department of Housing and Urban Development, to relocate their offices to designated census tracts under the federal opportunity zones program, The Real Deal reports.
All federal agencies will be asked to stop prioritizing city centers and central business districts when considering new offices and instead explore relocating to a designated opportunity zone.

COMMENTS:
"Should federal agencies carry out President Trump’s order to prioritize relocation into qualified opportunity zones, there may be ancillary development opportunities (housing, for example), spurring more long-term investment in opportunity zones.”
Daniel Gauthier, Rose Law Group Transactional Attorney

MESA OPPORTUNITY ZONES
Mesa Opportunity Zone Investment Prospectus
2 are outside of the Central Business District
Official information Go here > https://www.selectmesa.com/business-environment/incentives-programs/opportunity-zones/mesa-opportunity-zone-investment-prospectus
_________________________________________________________________________

Opportunity Zones Frequently Asked Questions

The following questions and answers (Q&As) were prepared in response to inquiries that have been proposed to the IRS.  They are intended to provide a basic understanding and awareness of Opportunity Zones.
These Q&As do not constitute legal authority and may not be relied upon as such.  They do not amend, modify or add to the Income Tax Regulations or any other legal authority.   
_________________________________________________________________________

Paramount’s Media Heiress Will Leave the Stage After Last Act in a Chaotic Drama

An $8 billion deal Shari Redstone struck with Skydance Media must go through the FCC next year; new owners seek over $2 billion in cost cuts...