IRS Has Posted Updated Frequently Asked Questions (And Answers!) Related to Opportunity Zones

The IRS has also posted an updated and revised set of frequently asked questions’ and answers related to Opportunity Zones. This is an excellent resource for investors for information on how they are created, where they exist, tax benefits, and property use.

Joey Strength is a partner at HunterMaclean, practicing primarily in real estate and development law, estates and trusts, and business transactions. He is a trusted advisor to his clients, ranging from individuals to publicly traded companies, and provides them with quality legal representation and advice across various areas. Joey strives to understand his clients’ personal and business needs to find creative solutions to their legal problems.

Joey is a proponent of the Opportunity Zone legislation that was included in the 2017 Tax Cut and Jobs Act and has represented HunterMaclean in a national working group of attorneys, accountants, developers, and others who have collaborated to provide input in the regulatory process. He is currently working with a number of clients who are considering how they might benefit from the program and enjoys sharing about the program with others.

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