New tax shelter expected to set off a wave of investment in Colorado
A new federal tax shelter seeks to unlock some of the $6.1 trillion in unrealized capital gains and create a downpour of investments in economically parched areas.
Read moreMust-Knows About Qualified Opportunity Funds
The Tax Cuts and Jobs Act, enacted on Dec. 22, 2017, established new tax codes that provide significant tax deferral opportunities for recently realized capital gains when they are invested in a Qualified Opportunity Fund (QOF or O Fund) for at least five years.
Read moreNow Is The Time To Invest In Distressed Communities Across America.
Through the Tax Cuts and Jobs Act of 2017, the U.S. government will be offering taxpayers certain incentives designed to encourage long-term investments in distressed communities and government partitioned low-income areas across the country. These areas, called Opportunity Zones, are designated by the governor of each state and could literally be right in your surrounding…
Read moreThe American Dream Deferred
My father was born in the small, segregated mountain town of Hendersonville, North Carolina, in 1936. Less than 100 years before his birth, enslaved black Americans were building Hendersonville’s Main Street.
Read moreNew Economic Development Tool for Alexandria?
Out of 12 that were eligible, four of Alexandria’s 38 census tracts have been identified as “opportunity zones” under the new federal tax law. As a nationwide incentive to increase private investment in economically distressed communities, capital gains reinvested in real estate and businesses in these zones will receive tax benefits.
Read more