Extensions of COVID-19 Relief for Opportunity Zone Funds

In IRS Notice 2021-10 (the New Notice), the IRS granted relief to Opportunity Zone Funds because of the COVID-19 pandemic. The New Notice generally extends the relief that had previously been granted pursuant to IRS Notice 2020-39 (the Prior Notice). Relief under the Prior Notice generally expired on December 31, 2020; the New Notice extends this relief into 2021. The main benefits are the following......
By: Allen Matkins

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