IRS Extends Prior Relief to Opportunity Zone Investment Programs
By EsqSocial Corporation 27/01/21
Seyfarth Synopsis: On January 19, 2021, the Internal Revenue Service (the “IRS”) issued Notice 2021-10 (the “Notice”), which extends the relief that it previously provided to qualified opportunity funds, their sponsors, and their investors when it issued Notice 2020-39 on Thursday, June 4, 2020. You can see the prior Legal Update on the Notice 2020-39 here. In general, the Notice extends each relief provision until either March 31, 2021 or June 30, 2021. The extended relief will allow qualified...
By: Seyfarth Shaw LLP