Cherry Bekaert’s Rick Schneider, CPA, and Polly Hoxha, CPA, attended Thursday’s hearing on proposed regulations concerning investments in qualified opportunity funds. With standing room only, the hearing allowed the Internal Revenue Service (“IRS”) to review feedback on creating the regulations. During the five-hour meeting, over two dozen stakeholders expressed their concerns and offered suggestions for how to improve the rules of the program.
Here’s a video of Polly during a break at the hearing. If you’re seeking guidance on the Opportunity Zone program and want a recap of the IRS hearing, we invite you to attend one of our upcoming Opportunity Zone seminars.