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Learn More** This blog was updated on 4/6/20 as a result of changes made by the CARES Act ** The SBA Economic Injury Disaster Loan (EIDL), or 7(b)(2) loan, offers relief for qualifying small businesses of up to $2 million with up to 30 years to repay the debt and is focused on helping small businesses...
Read MoreOn December 19, 2019, the IRS and the U.S. Department of the Treasury released the final regulations on investing in Qualified Opportunity (QO) Funds. The 544-pages of regulations address many areas, just a few of which are listed below: Taxpayers can invest the entire amount of Section 1231...
Read MoreOn April 17, 2019, the Department of Treasury issued the second set of proposed regulations regarding the Qualified Opportunity (QO) Zone Program. This long-awaited guidance further clarifies how to comply with the program and how to make it over some of the hurdles associated with structuring...
Read MoreThe IRS and the U.S. Department of the Treasury released round two of proposed regulations surrounding the Qualified Opportunity (QO) Zone Program today. The 169-pages of regulations address many areas, including: How businesses headquartered in designated QO Zones may benefit, The timeline...
Read MoreSignificantly behind the originally published timeframe, the second round of proposed regulations related to the Qualified Opportunity Zone program is currently under review at the Office of Information and Regulatory Affairs. The following issues still need to be addressed: The meaning...
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