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Course Details

Course Information
  • smart_display Format

    Live Online with Live Q&A

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Tax Preparer

Date & Time
  • event Date

    Tuesday, October 28, 2025

  • schedule Time

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

  • timer Program Length

    110 minutes

Credit Information

  • 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).

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MSRP
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$167.45
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Discount expires 9/9/25

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CPE
ALL

This webinar will analyze the expansion of opportunity zone (OZ) investments under the One Big Beautiful Bill Act (OBBBA). Our panel of seasoned federal tax experts will discuss the new recognition schedule, meeting property and timing requirements, and provide examples of planning strategies to mitigate tax under this new legislation.

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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Steven M. Kennedy
Partner
PwC

Mr. Kennedy is a Partner at PwC.

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Jessica I. Marschall
President & CEO
Marschall Accounting Services

Ms. Marschall has over 24 years of accounting, audit, and tax experience, including experience at a large public accounting firm, internal audit at a national bank, university Research Assistant and scholarly article author and co-author. Her tax and accounting engagements are geared towards individuals, and their small-to-mid sized businesses accounting engagements are geared towards individuals and small businesses.

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Description

The OBBBA has significantly enhanced the benefits of investing in qualified opportunity funds (QOFs). Introduced as part of the TCJA, this benefit was scheduled to sunset with other provisions on Dec. 31, 2026. Instead, OZ incentives have been made permanent and more far-reaching under the recent Act. 

Originally, investments in QOFs provided a five-year deferral of capital gains if an investor held the investment for five years. An additional five percent of the deferred gain is added to the basis if the investment is held for seven years. Consequently, the time-laden benefits have decreased as the sunset deadline approaches.

Under OBBBA, a rolling five-year recognition period has been added for gain deferral along with a new provision for Qualified Rural Opportunity Funds (QROFs). These areas, with 50,000 or fewer inhabitants, receive additional incentives, including a 30% basis step-up after five years.

Both the old and new legislation have specific requirements that must be met to qualify for OZ tax benefits. Investors and their advisers need to understand tax planning strategies and the requirements of OZs to maximize taxpayer savings.

Listen as our panel of OZ experts explains the nuances of these investment vehicles.

Outline

I. OZs under the OBBBA: introduction

II. OZs under TCJA

III. Prior OZ investments

IV. New eligibility criteria

V. Deferral timeline

VI. New QROFs

VII. New reporting requirements

VIII. Penalties

IX. Examples

Benefits

The panel will cover these and other critical issues:

  • Comparing and contrasting OZs under TCJA and the OBBBA
  • New QROF requirements and benefits
  • Planning to maximize tax savings for OZs under the OBBBA
  • New recognition periods for deferral of gains

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify taxpayers who could defer substantial tax liability utilizing OZs
  • Determine how gain is recognized under the five-year deferral period
  • Decide when property is located a QROZ
  • Ascertain how OZ benefits and requirements differ after the OBBBA

  • 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 preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of pass-through taxation, including taxation of partnerships, S corporations and their respective partners and shareholders.


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).