• videocam Live Webinar with Live Q&A
  • calendar_month November 13, 2026 @ 1:00 PM ET/10:00 AM PT
  • signal_cellular_alt Intermediate
  • card_travel Tax Law
  • schedule 90 minutes

Qualified Opportunity Zone Investing: Modified QOZ Rules for New Investments, Reporting Requirements, Gain Deferral

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About the Course

Introduction

This CLE/CPE course will provide tax counsel and advisers a detailed analysis of qualified opportunity zone (QOZ) investing and tax planning strategies post-OBBBA and in light of recent IRS guidance. The panel will discuss federal tax rules and eligibility requirements, investment recognition and basis adjustments, new rural opportunity zone incentives, modified rules relating to new QOZ investments and funds, 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

QOZs are one of the country's most significant economic development programs that encourage private investment in specified regions. The program allows taxpayers to defer and reduce capital gains by allowing the taxpayer to reinvest capital gains proceeds in a qualified opportunity fund.

Under the OBBBA, the QOZ 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 extends the window for tax-advantaged investments, and (3) introduces new incentives for rural communities, potentially increasing the pool of eligible projects and investors.

Despite the extension of the QOZ program, any legacy deferred gains from the original program must still be recognized by Dec. 31, 2026, with the modified rules relating to new QOZ investments and funds going into effect in January 2027. This provides commercial real estate investors continued access to capital gains deferral and exclusion strategies, as well as new opportunities in rural areas.

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 reporting requirements and rules for new investments and funds.

Listen as our panel discusses the benefits of the QOZ tax incentive program as an investment tool for taxpayers, modifications under the OBBBA, new reporting requirements, 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

Matthew E. Rappaport, Esq., LL.M.
Vice Managing Partner
Falcon Rappaport & Berkman LLP - Rockville Centre

Mr. Rappaport chairs FRB’s Taxation and Private Client Groups. He concentrates his practice in Taxation as it relates to Real Estate, Closely Held Businesses, Private Equity Funds, Family Offices and Trusts & Estates. He advises clients regarding tax planning, structuring, and compliance for commercial real estate projects, all stages of the business life cycle, generational wealth transfer, family business succession, and executive compensation. Mr. Rappaport also collaborates with other attorneys, accountants, financial advisors, bankers, and insurance professionals when they encounter matters requiring a threshold level of tax law expertise. He is known for his work on complex deals involving advanced tax considerations, such as Section 1031 Exchanges, the Qualified Opportunity Zone Program, Freeze Partnerships, Private Equity Mergers & Acquisitions, and Qualified Small Business Stock. Mr. Rappaport has served as a trusted advisor for prominent real estate funds, executives of multinational corporations, venture capitalists, successful startup businesses, ultra-high net worth families, and clients seeking creative solutions to seemingly intractable problems requiring tax-focused analysis. 

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Marc L. Schultz
Partner
Snell & Wilmer L.L.P.

Mr. Schultz’s practice is concentrated in complex federal, local, and state taxation matters, including transactions involving tax exempt entities, and tax advantaged entities. He regularly engages in advising clients with respect to mergers and acquisitions, joint ventures, like-kind exchanges, formation of private investment funds, tax credit financing, and energy transactions. Mr. Schultz is the co-chair of the firm’s Renewable Energy and Opportunity Zone and Funds Practice Group. He also chairs the firm’s Tax Credit Finance Practice Group. Mr. Schultz has a national practice representing investors, sponsors, lenders, and developers with respect to the Opportunity Zone incentive, and has served as an expert witness with respect litigation involving compliance with the Opportunity Zone incentive. He also represents numerous parties with respect to transactions involving federal and state Low-Income Housing Tax Credits, New Markets Tax Credits, Historic Tax Credits, and Renewable Energy Tax Credits.

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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

    Friday, November 13, 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. Rules for new investments and funds

V. New reporting requirements and penalties

VI. IRS transitional guidance for the Modified QOZ Rules

VII. Advanced structuring considerations

The panel will review these and other key issues:

  • What tax benefits do opportunity zones provide?
  • What significant changes did OBBBA make to QOZs?
  • New IRS transitional guidance relating to the Modified QOZ Rules
  • How can taxpayers ensure the deferral or reduction of capital gains and the appreciation exclusion?
  • Optimizing structures for opportunity zone investments
  • What are the new reporting requirements and penalties for noncompliance?

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
  • Understand key tax planning and compliance issues stemming from rules relating to new investments and funds under the modified QOZ rules
  • 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 .