Sid Kess will introduce this program on how opportunity zone investments can deliver tax-efficient solutions for clients.  Discussing these investments and solutions are Michael Kelley of Park View Investments and Michael Gershon of Citrin Cooperman; Blanche Lark Christerson, a wealth planning consultant, will moderate.  The newly finalized opportunity zone regulations provide the certainty tax planners need to implement strategies using “qualified opportunity funds” (QOFs).  By understanding how QOFs work, CPAs can help their clients get the most out of these previously unavailable tax incentives.  The program will also discuss how generational tax plans can benefit from pairing QOFs with irrevocable grantor trusts and how QOFs can be used in conjunction with, or instead of, 1031 exchanges, which were adversely affected by the 2017 Tax Cuts & Jobs Act.
 
Learning Objectives:

• Overview of the opportunity zone initiative and its benefits


• Why pairing QOFs with irrevocable grantor trusts can benefit multi-generational asset transfers


• How using QOFs instead of 1031 exchanges can increase liquidity and enhance portfolio diversification


• How capital gains from sales of art and other collectibles can benefit from QOFs


• Understanding the benefits of pairing qualified small business stock (1202 stock) with QOFs