BarbriSFCourseDetails
  • videocam Live Webinar with Live Q&A
  • calendar_month May 14, 2026 @ 1:00 PM ET/10:00 AM PT
  • signal_cellular_alt Intermediate
  • card_travel Tax Law
  • schedule 90 minutes

2026 Qualified Opportunity Zone Tax Planning: OBBBA Modifications and Key Tax Planning Considerations

Eligibility Rules, New Reporting Requirements, Basis Adjustments for Investments, New Rural Opportunity Zone Incentives, and More

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Discount expires 4/30/26

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CLE
CPE
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About the Course

Introduction

This CLE/CPE course will provide tax counsel and advisers a detailed analysis of the qualified opportunity zones (QOZ) tax incentive mechanism in light of recent changes and developments stemming from the One Big Beautiful Bill Act (OBBBA). The panel will discuss federal tax rules and eligibility requirements, investment recognition and basis adjustments, new rural opportunity zone incentives, new redesignation and anti-gentrification provisions, and new reporting requirements. The panel will also describe methods to ensure deferral or reduction of capital gains and outline additional tax planning strategies associated with opportunity zone funds and businesses.

Description

The 2017 tax reform created one of the country's most significant economic development programs that encourages private investment in QOZs. The program allows taxpayers to defer and reduce capital gains by allowing the taxpayer to reinvest capital gain proceeds in a qualified opportunity fund.

The QOZ incentive investment program subsidizes growing businesses in low-income communities through short- and long-term capital gains deferral, providing a substantial step-up in tax basis and tax abatement on the post-investment appreciation. Under the OBBBA, this program has been modified and now (1) permanently extends the QOZ program, which was originally scheduled to sunset on Dec. 31, 2026, (2) allows for a new round of QOZ designations and extending the window for tax-advantaged investments, and (3) introduces new incentives for rural communities, potentially increasing the pool of eligible projects and investors. This provides commercial real estate stakeholders continued access to capital gains deferral and exclusion strategies, as well as new opportunities in targeted geographies.

Tax counsel and advisers must understand and develop planning techniques to assist individuals or businesses seeking to invest capital, raise funds, or recognize significant capital gains in light of new rules under the QOZ incentive investment program provided under the OBBBA.

Listen as our panel discusses the benefits of the QOZ tax incentive program as an investment tool for taxpayers, modifications under the OBBBA, the necessary legal requirements and processes to achieve the tax benefits, techniques to ensure deferral or reduction of capital gains, and a discussion of critical open issues, analysis, and recommended guidance for counsel and advisers.

Presented By

Michael Sanders
Counsel
Nelson Mullins Riley & Scarborough LLP

Mr. Sanders focuses his practice in the area of taxation, particularly in matters affecting partnerships, limited liability companies, S-corporations, real estate, tax controversy, and estate planning, including trusts and estates. He also has a large practice in the area of exempt organizations involving healthcare and low-income housing, associations and joint ventures between for-profits and nonprofits, as well as structuring New Markets Tax Credit ("NMTC") and Historic Tax Credit ("HTC") transactions. Mr. Sanders is the author of Joint Ventures Involving Tax-Exempt Organizations (3rd Ed., 2007; 4th Ed., 2013) which was recently cited by the majority opinion in the widely covered U.S. Supreme Court decision in Burwell v. Hobby Lobby Stores, Inc. He previously served as an attorney-advisor to the assistant secretary of tax policy at the Office of Tax Legislative Counsel.

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Amanda Wilson
Partner
Nelson Mullins Riley & Scarborough LLP

Ms. Wilson provides sophisticated tax planning and structuring guidance for her clients. She has more than 25 years of experience advising clients on complex tax matters, with a particular focus on partnerships and real estate investment trusts. Ms. Wilson's experience in the partnership tax area includes previously teaching partnership tax as an adjunct professor at Emory University School of Law, and she is the current author of the Bloomberg Tax Portfolio on Partnership Dispositions.  

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Credit Information

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

  • CPE credit is not available on recordings.

  • BARBRI is a NASBA CPE sponsor and this 90-minute webinar is accredited for 1.5 CPE credits.

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


  • Live Online


    On Demand

Date + Time

  • event

    Thursday, May 14, 2026

  • schedule

    1:00 PM ET/10:00 AM PT

I. Opportunity zone provisions under OBBBA

II. Processes and criteria designating QOZs

III. Qualified opportunity funds: eligibility requirements, formation, self-certification

IV. New reporting requirements and penalties

V. Pairing QOZ investments with other tax credits and incentive programs

VI. Advanced structuring considerations

VII. Best practices and tax planning techniques for counsel

The panel will review these and other key issues:

  • What tax benefits do opportunity zones provide?
  • What are opportunity zone funds and QOZ businesses?
  • What significant changes did OBBBA make to QOZs?
  • How can taxpayers ensure the deferral or reduction of capital gains and the appreciation exclusion?
  • How can the opportunity zone incentive be combined with other federal tax incentives, such as the new markets tax credit and energy tax credits?
  • Optimizing structures for opportunity zone investments
  • What are the new increased reporting obligations and penalties for noncompliance outlined in OBBBA?

Learning Objectives

After completing this course, you will be able to:

  • Recognize eligibility requirements and reporting for opportunity zones under the OBBBA
  • Determine tax benefits realized due to investment in opportunity zones
  • Identify qualifying opportunity zone funds 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 or public firm experience at mid-level within the organization, preparing complex tax forms and schedules, supervising other preparers/accountants. Working knowledge and understanding of tax credits, sourcing rules; foundational knowledge of basis calculations and capital gains tax.

BARBRI, 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

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

BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .