Tax Structuring, Compliance & Related Tax Matters
Conferring with tax counsel is an important step for anyone contemplating investing in a QOZ or establishing a QOF. Our Tax group has extensively studied the Tax Cuts and Jobs Act of 2017 and advised on its provisions, including the QOZ program, putting us at the forefront of counseling on regulatory matters affecting QOZs. Prior to and immediately upon the release of regulations in late October 2018, we had already identified issues that could impact our clients and filed multiple comment letters with the IRS regarding QOZs and with Ohio officials regarding state-based tax enhancements. We continue to monitor the regulations and new rulings, ensuring that we will be well informed and able to address questions from the IRS.