Overview
Bloomberg Tax quoted Lisa Zarlenga in an April 22 article titled "Companies May Have to Pass on Extra Opportunity Zone Benefit." The article discusses how now, under IRS regulations and the third coronavirus response law, corporations that invest in opportunity zones can essentially split up their gains and losses and get tax breaks for both. But tax lawyers say this new chance to effectively double-dip into tax breaks will only be a viable option for a narrow set of corporations, especially given how few have cash to spare for a long-term investment amid the pandemic and resulting economic downturn.
"I think there are people that want to make investments," Zarlenga says. "But right now, things are just frozen."
The full article can be read at Bloomberg Tax.
