Opportunity Zones Q&A: Are Distributions from an OZ Fund Taxable as Ordinary Income?

In hosting our Opportunity Zones webinar series, we’ve received many great questions covering a wide range of important topics. To help further your understanding of this exciting new program, our Client Services team, which has decades of 1031 exchange experience, partnered with our co-presenter, Novogradac & Company, to provide responses. Q: Are distributions from an [...]

Understanding Opportunity Zone Funds and 1031 Exchanges

Both Opportunity Zone funds and 1031 exchanges are ways of reinvesting gains from the sale of a property into another property in order to avoid current taxation and obtain valuable tax benefits. These regimes were created by Congress and codified in the Internal Revenue Code. Both are important tools for managing tax liabilities and for [...]

California Opportunity Zone Funds: A Developing Compliance Landscape

By Michael Halloran, Chairman and Group Holdings Board member; Group Head of Technology & Strategy; CEO of ICS USA at JTC Group. Originally published in The Registry. As innovative as California is, there’s one key area the state could better improve in and can’t afford to be in last place for: Opportunity Zones. The basics [...]

Opportunity Zones Q&A: How Much of an OZ Fund Can One Investor Own?

During our Q3 and Q4 Opportunity Zones webinars last year, we received many great questions covering a wide range of important topics. To help further your understanding of this exciting new program, our Client Services team, which has decades of 1031 exchange experience, partnered with our co-presenter, Novogradac & Company, to provide responses. Q: Is [...]

Opportunity Fund Management: Assembling the Right Team

“You need three things: a lawyer, an accountant, and us.” — Michael Richards, Head of Fund Administration When starting an Opportunity Zone Fund, expert third-party fund administration can help with everything from attracting investors to complying with mandated reporting. However, a fund administrator isn’t the only service provider you’ll need. If you’ve wondered what exactly [...]

Opportunity Zones Q&A: Can an LLC Qualify as an Opportunity Fund?

During our webinars we received many great questions covering a wide range of important topics. To help further your understanding of this exciting new program, our Client Services team, which has decades of 1031 exchange experience, partnered with our co-presenter, Novogradac & Company, to provide responses. This is the second installment of our Opportunity Zones [...]

JTC Americas, Formerly NES Financial, Interviewed on Opportunity Zones for FEI Teleconference Series

Earlier this month, JTC Americas' Chief Revenue Officer and Managing Director Reid Thomas, along with former Regional VP, Business Development Jeff Drinkwater, participated in the recorded teleconference series hosted by The Financial Engineering Institute (FEI) about Opportunity Zones. In this 35-minute teleconference, Reid and Jeff speak with Nick Gregory, CEO of FEI, about JTC's mission, [...]

Sen. Tim Scott Calls for Increased Reporting in OZ. NES Financial Delivers.

Senator Tim Scott (R-SC), one of the drafters of the Opportunity Zones tax incentives, recently published an open letter (co-signed by 15 other senators and representatives) to Treasury Secretary Steven Mnuchin addressing the Treasury's first set of proposed regulations on Opportunity Zones, which were released in October. In the letter, the authors praise certain aspects [...]

Opportunity Zones Q&A: Previously Held Property

During our Q3 and Q4 Qualified Opportunity Zones webinars last year, we received many great questions covering a wide range of important topics. To help further your understanding of this exciting new program, our Client Services team, which has decades of 1031 exchange experience, partnered with our co-presenter, Novogradac & Company, to provide responses. This [...]

The Three Keys to Long-Term Success in the Opportunity Zone Program

Gaining success in the Opportunity Zone program can be very challenging to new investors. The recently introduced Investing in Opportunity Act (IIOA) has the potential to be the most transformative economic development program in the history of the United States — and it’s coming along at just the right time. Like a rising tide, the [...]

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