Prix Fixe: Opportunity Zones: Tax Benefits, Early Criticisms, and IRS Attacks on Funds and Investors WEBINAR
Overview
Opportunity Zones began attracting thousands of investors in 2018, and now they are attracting Congress and the IRS, too. This presentation explains the purpose of Opportunity Zones, how properties were selected, three main tax benefits for investors, penalties for violations, and relevant filing requirements. We will also discuss administrative guidance issued thus far, special anti-abuse mechanisms, initial criticism by various organizations, and burgeoning enforcement efforts, including congressional investigations and IRS audits.
Highlights
Administrative guidance issued thus far. Special anti-abuse mechanisms. Initial criticism by various organizations. Burgeoning enforcement efforts, including congressional investigations and IRS audits.
Prerequisites
None.
Designed For
CPAs and other tax professionals.
Objectives
Explain the purpose of Opportunity Zones. Discuss how properties were selected. Explore the three main tax benefits for investors, penalties for violations, and relevant filing requirements.
Preparation
None.
Notice
None.
This event is part of the following bundles:
Leader(s):
Leader Bios
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Hale Sheppard
Hale E. Sheppard (B.S., M.A., J.D., LL.M. and LL.M.T.) is a Shareholder in the Tax Controversy Section of Chamberlain Hrdlicka in Atlanta. Hale defends individuals and businesses during tax audits, appeals, and litigation. He has participated in over 250 cases with the Tax Court and obtained dozens of positive Private Letter Rulings for clients. Hale holds five college degrees. At the University of Kansas, he earned a B.S., with distinction, M.A., with honors, and J.D. He later received an LL.M. degree in international law, with highest distinction, from the University of Chile. Finally, he obtained an LL.M. degree in tax from the University of Florida, where he was a graduate tax scholar. During his studies, Hale served as a graduate editor of the Florida Tax Review and member of the Kansas Journal of Law & Public Policy. Hale has been recognized as a leader in tax litigation for many years by Chambers USA, Legal 500, and other respected organizations, and was inducted into the American College of Tax Counsel. Hale ranks among the most active tax writers in the country, publishing more than 260 articles in top tax journals and law reviews, both in the United States and abroad. He has held leadership positions in many professional organizations, including as editor of national publications and President of the Tax Section of the Georgia Bar.
Non-Member Price $60.00
Member Price $40.00