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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Tax Law

Date & Time
  • event Date

    Thursday, April 27, 2023

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$347.00
CLE
CPE
ALL

This CLE/CPE course will give tax professionals an in-depth analysis of the Qualified Opportunity Zone (QOZ) tax incentive program under Section 1400z-2 and applicable regulations (QOZ Tax Program) and how family offices and private clients should consider structuring QOZ investments. The panelist will discuss critical issues for family offices and private clients, including applicable reinvestment timing requirements, capital gain deferral rules, the ability to hold non-QOZ assets within a qualified opportunity fund and other tax benefits. Additionally, The panelist will share insights into “market trends” with respect to QOZ investment and look into possible legislative changes.

Faculty

Joshua M. R. Becker
Partner
Pillsbury Winthrop Shaw Pittman LLP

Mr. Becker is a Tax attorney with over 10 years of international law firm and accounting firm experience. He counsels clients in a diverse range of tax, business, and private wealth matters. Mr. Becker's experience includes the tax and non-tax aspects of investment fund formations, private equity mergers and acquisitions, hedge funds, family office operational and investment  structures, and real estate joint ventures and investments. Prior to joining Pillsbury, he was a founding member of a multi-family office and registered investment advisor dedicated to blockchain and digital asset investors, founders, and entrepreneurs.

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Description

The QOZ Tax Program provides taxpayers with the opportunity to defer taxation of otherwise taxable gains and entirely avoid taxation of future gains if certain requirements are satisfied. For family offices and private clients, the QOZ Tax Program is a versatile program which may compliment a diversified investment and business portfolio. Further, family offices and private clients can take advantage of certain rules under the QOZ Tax Program which larger, institutional investors are unable to utilize.

Listen as Joshua M. R. Becker, J.D., Counsel at Pillsbury Winthrop Shaw Pittman, discuss the QOZ Tax Program eligibility requirements, tax benefits, including those that may be unique to family offices and private clients, and techniques to ensure deferral of realized capital gains and elimination of future capital gains.

Outline

  1. QOZ Tax Program Basics
  2. QOZ Investments: Real Estate v. Operating Businesses
  3. Unique QOZ Structuring Opportunities for Family Offices and Private Clients
  4. Applicable Anti-Abuse Rules
  5. Reporting Requirements and Legislative Proposals

Benefits

The panelist will discuss these and other key issues:

  • What are the general QOZ Tax Program rules and requirements?
  • What key issues should family offices and private clients consider when making QOZ investments?
  • QOZ pitfalls to avoid
  • How to finance QOZ investments
  • Maximizing QOZ Tax Program benefits including with respect to non-QOZ assets held within Qualified Opportunity Funds

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Understand critical tax implications of QOZ investments from a family office perspective
  • Recognize eligibility requirements for opportunity zones under IRC 45D(e)
  • Determine tax benefits realized due to investment in opportunity zones
  • Identify QOFs and businesses
  • Ascertain methods to defer or reduce capital gains and the appreciation exclusion

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business and professional experience at mid-level within the organization advising investors about tax incentives, deductions and deferrals related to qualified opportunity zones (QOZs) and qualified opportunity funds (QOFs), capital gains, investment vehicles and qualified small business stock exclusions; familiarity with basis step-ups, partnership tax and rental real estate as a trade or business.

Strafford Publications, 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 Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).