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Opportunity Zone Best Practices - Not All Extensions are Automatic

USA - June 17 2020 The IRS recently issued additional Opportunity Zone-related guidance, Notice 2020-39, that grants extension relief with respect to five specific…

Benjamin J. Armour, John G. Balboni, Daniel P. Ryan

IRS Provides Relief to Opportunity Funds and OZ Investors

USA - June 9 2020 As part of its continuing response to the COVID-19 pandemic, on June 4, 2020, the Internal Revenue Service issued Notice 2020-39 (the “Notice”). The…

Benjamin J. Armour, John G. Balboni, David J. Nagle, Daniel P. Ryan

OZone Record-Keeping: How to Be Prepared

USA - June 1 2020 The Sullivan Opportunity Zone Practice Group has previously written a client alert promoting the benefits of detailed record-keeping for taxpayers…

Benjamin J. Armour, John G. Balboni, Daniel P. Ryan

The OZ Act After COVID-19: Where We Go From Here

USA - May 19 2020 Sullivan hosted a virtual program addressing the post-COVID-19 recovery and the role that Opportunity Zone and Code Section 1400Z-2 (OZ Act) can play…

Benjamin J. Armour, John G. Balboni, Daniel P. Ryan

The Best Practice Remains "File on Time"

USA - May 14 2020 The Sullivan Opportunity Zone Practice Group has issued multiple advisories and alerts which stand for the proposition that "words matter." To that…

Daniel P. Ryan