Treasury, IRS Release Final Opportunity Zones Regulations
The Treasury Department and Internal Revenue Service today released final opportunity zones regulations. The regulations combine and update the first and second tranches of guidance, issued in October 2018 and April 2019. Treasury also included a FAQ document on the regulations
“Opportunity zones stakeholders, including the OZ Working Group, are grateful that the regulations were released in such a timely manner,” said Michael J. Novogradac, CPA, managing partner of national accounting and consulting firm Novogradac.