Disappearing Dollars and Why December 31, 2021 is a Date You Need to Know
Dr. Jim White, PHT Investment Group. There appears to be a turning of the tide on the horizon. Runaway inflation is now a primary concern for investors, along with a host of other financial threats. An increase to the capital gains tax rate from a top rate of 23.8% to...
QOZ Updates & New York’s Move to Decouple from QOZ Tax Benefits
On Wednesday, April 21, 2021, Jim Tankersley published this New York Times article, "Biden Administration Debating How to Overhaul a Trump-Era Tax Break." Administration officials interviewed for the story specifically noted their interest in efforts to increase...
IRS Paves Way for Foreign Investors in Opportunity Zones
On Monday, April 12, 2021, the Internal Revenue Service (IRS) issued a notice of proposed rulemaking to be published in the Federal Register on Wednesday, April 13, 2021 in regard to several Qualified Opportunity Zone (QOZ) incentives. The unpublished proposed...
Opportunity Zone Extension Act of 2021
Pending Legislation: HR 970 of 2021IRS Notice 2021-10On February 11, 2021, U.S. Representatives Tim Burchett (TN-02) and Henry Cuellar (TX-28) introduced a new bill to the House Ways & Means Committee called the “Opportunity Zone Extension Act of 2021” (H.R.970). ...
QOF Legislations Alert: Investment Period Extended
Good news for you, investors: The IRS has updated legislation extending the investment period for Qualified Opportunity Funds.IRS Relief - OZ FundsfacebooktwitterlinkedinQualified Opportunity Funds direct your investments in the form of realized capital gains into...