Latest Revisions to Qualified Opportunity Fund (QOF) Certification
Continuing its regulations on Opportunity Zones, the IRS has issued new revisions to the Qualified Opportunity Fund that focus on penalties for investors who fail to meet the investment standards set forth in Form 8668. These new rules apply to both QOFs and subsidiary entities owned by QOFs. In an op-ed for The Daily Transcript, CGS3’s Phil Jelsma shares his analysis of the potential penalties and gives insight on how to navigate the new guidelines.
Read the full article from The Daily Transcript here.