OPPORTUNITY ZONES: Data on Investment Activity and IRS Challenges Ensuring Taxpayer Compliance.

The article presents a testimony before the U.S. House Subcommittee on Oversight, Committee on Ways and Means regarding data on investments activity and the U.S. Internal Revenue Service (IRS) challenges ensuring taxpayer compliance. It mentions that the U.S. Congress created Opportunity Zones tax incentive to spur investments in economically distressed communities. It informs that taxpayers who invest in Qualified Opportunity Funds could receive significant tax-related benefits.