NAHB, Others Ask IRS Commissioner to Issue OZ Guidance

Tuesday, September 11, 2018 - 10:00am

The National Association of Home Builders and eight other national organizations on Monday asked acting Internal Revenue Service Commissioner David Kautter to issue guidance on issues facing potential investors in the federal opportunity zones initiative. Their letter specifically seeks a definition of qualified investments, a clarification of the oversight process for investment funds and clarification of several teams in the statute. This is the latest of several requests for guidance.