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Will the IRS Extensions Affect Opportunity Zone Investors?

[fa icon="calendar'] May 8, 2020 10:26:47 AM / by Warren Kirshenbaum posted in IRS Guidelines, opportunity zones, OZ, o zone, Ozone Funds, Coronavirus, Opportunity Zone Investors, Covid-19

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As a result of the Covid-19 pandemic the IRS extended the deadline to file tax returns and make tax payments from April 15, 2020 to July 15, 2020. IRS added to those earlier Notices by issuing Notice 2020-23, which allows for certain taxpayers to have more time to invest "eligible gain" into a Qualified Opportunity Fund (QOF). 

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