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Coronavirus pandemic prompts IRS to extend deadlines, relax QOZ rules.
- Source :
- Tax Adviser; Sep2020, p1-2, 2p
- Publication Year :
- 2020
-
Abstract
- The article reports that U.S. Internal Revenue Service (IRS) has extended some deadlines for investing in qualified opportunity funds (QOF) and relaxed some investment requirements to make it easier for QOF investors to deal with the coronavirus pandemic. It mentions working capital safe harbor provides QOZBs with a safe harbor for treating an amount of working capital. It also mentions QOFs that received distributions of QOF stock.
- Subjects :
- INVESTMENTS
COVID-19 pandemic
SAFE harbor
WORKING capital
Subjects
Details
- Language :
- English
- ISSN :
- 00399957
- Database :
- Complementary Index
- Journal :
- Tax Adviser
- Publication Type :
- Periodical
- Accession number :
- 145518871