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Qualified Opportunity Zones - Brand New Proposed Regulations Round 2


Total Credits: 2 including 2 Taxes - Technical

Average Rating:
   4.2
Category:
ACPEN Industry Institute |  Tax |  IRS Approved
Faculty:
Bradley Burnett, J.D., LL.M.
Course Levels:
Update
Duration:
2 Hours
License:


Description

Many investors are biting at the chops, or at the least tempted, to sow for the harvest of enticing new Qualified Opportunity Zone (QOZ) tax breaks. Beyond the economic risk of investing in property in distressed areas, the problem is the QOZ statutes and regs don’t provide enough certainty to give would-be investors the comfort to give it a go.

 

On 04/17/19, Treasury dropped into our laps the second batch of long awaited QOZ proposed regulations. This is very good news. But, the bad news is we did not get all the news we needed. Either way, investors need answers today.

 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

 

Basic Course Information

Learning Objectives
  • To learn the backstory: QOZ statutory scheme and first round of proposed regs (Act 1);
  • To learn all-new round 2 of proposed regs (Act 2)
  • To learn what Treasury and IRS have yet to tell us (Act 3)

Major Subjects
  • Working examples of all 3 QOZ tax breaks
  • Qualified Opportunity Funds (QOFs) and Qualified Opportunity Fund Businesses (QZOBs) – Who’s (what’s) in, who’s (what’s) out?
  • Structure, deadlines, compliance obligations and penalties
  • Whether the entity (QOF) or its assets must be sold to obtain exclusion
  • How do the rules work with tiered partnerships?
  • Like kind exchange interplay or, by contrast, as an alternative approach
  • Estate and gift planning interplay
  • Timing, timing, timing and timing

Course Materials

Faculty

Bradley Burnett, J.D., LL.M. Related seminars and products: 22


Bradley Burnett practices tax law in Colorado. After undergraduate (Business Administration/Accounting) school and law (J.D.) school, he earned a Master of Laws in Taxation (LL.M.) from the University of Denver School of Law Graduate Tax Program. After stints at national and local accounting firms and a medium sized Denver law firm, he established his own law firm in 1990, He has delivered more than 3,300 presentations on tax law to CPAs, attorneys, EAs and others throughout all fifty U.S. states, Washington, D.C. and seven countries. Bradley served four years as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an employment tax course and occasionally pinch-hit in the IRS practice and procedure field. He authors and teaches tax materials for Commerce Clearing House (CCH), has received the Illinois Society of CPAs Instructor Excellence Award and five times has been the most requested, top-rated presenter at annual state CPA tax institutes. His seminar style is briskly paced delivery of practical insights with humor. 


Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For Accountants, investors and other interested persons desiring to learn the opportunities and pitfalls of investing in Qualified Opportunity Zones.
Original Recording Date 07/18/2019
Yellow Book No
Course Developer Bradley Burnett Tax Seminars, Ltd.
Date Added to Catalog 07/03/2019

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method Group Internet Based

Promo Video

Reviews

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Overall:      4.2

Total Reviews: 13

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