Aggregated News From Investment Management Regulators

IRS Defers Due Dates for QOZ Actions to Provide Relief for Taxpayers Affected by the Coronavirus Pandemic


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On June 4, 2020, the IRS issued Notice 2020-39 (the “Notice”), addressing concerns of investors and Qualified Opportunity Funds (“QOFs”) over looming deadlines and tests applicable to the investment of gains deferred under the Qualified Opportunity Zone (“QOZ”) program. The Notice has the effect of pushing a few crucial deadlines back to the end of 2020 or beyond.

Read the full article from Herrick Feinstein here:

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