
New Opportunity Zone Program
October 31, 2018 3:56 pmThe IRS has unveiled proposed rules for the new Opportunity Zone program which encourages investment into low-income communities.
The IRS has unveiled proposed rules for the new Opportunity Zone program which encourages investment into low-income communities.
Last week, Treasury and the IRS released proposed regulations on the pass-through deduction portion of the Tax Cuts and Jobs Act, including more detailed guidance for these type of businesses.
Treasury and the IRS are developing guidance documents under the 2017 tax reform law, however guidance for pass-through income could be delayed until summer or fall.