New IRS Regulations on Qualified Opportunity Zones: What You Must Know and Do
Recording Available: Thursday, October 29, 2020
In April 2019, the Internal Revenue Services (IRS) released its second set of new regulations on the Qualified Opportunity Zone (QOZ) program. The additional guidelines aim to give light on the initial regulations released last 2018.
However, several open questions still remain, that investors and related practitioners must be continuously proactive in monitoring the latest regulatory trends and development. Understanding the latest updates and how these might affect their businesses also will help them maximize opportunities while mitigating potential risks and pitfalls.
Join a panel of key thought leaders and professionals assembled by The Knowledge Group as they provide the audience with a comprehensive analysis of the significant updates in the new IRS regulations on Qualified Opportunity Zones. The speakers will provide best practices to avoid risks and challenges surrounding this significant topic in light of the most up-to-date developments.
Some of the major topics that will be covered in this course are:
- An Overview of the Qualified Opportunity Funds
- Recent Regulatory Trends and Developments
- Opportunities and Challenges
- Practical Tips and Best Practices
- What Lies Ahead
Murphy Schiller & Wilkes LLP
Orrick Herrington & Sutcliffe LLP
Who Should Attend:
- Real Estate Brokers
- Tax Practitioners
- Tax Lawyers
- Investment Advisers
- In-house Counsel
Matthew J. Schiller is a partner at the law firm Murphy Schiller & Wilkes LLP, based in Newark, New Jersey. Mr. Schiller represents clients in a wide range of transactional and litigation matters throughout New Jersey, New York, and Connecticut. Mr. Schiller's transactional experience includes the acquisition, disposition, leasing and operation of office, retail, industrial and multi-family properties, with a recent significant focus on properties located in Opportunity Zones. In addition, his practice includes seeking municipal and state land use approvals for commercial and residential developments, as well as the representation of clients in connection with foreclosure litigation, landlord-tenant disputes, prerogative writ actions, and breach of contract matters. He also represents special servicers in connection with loan workouts and modifications, REO sales, loan sales, and foreclosure actions.
Mr. Schiller is a fellow with the American College of Real Estate Lawyers and serves as the Vice-Chair – Real Property of the Board of Consultors of the Real Property Trust and Estate Law Section of the New Jersey State Bar Association. Mr. Schiller frequently serves as a moderator and lecturer for programming sponsored by the New Jersey Institute of Continuing Legal Education and numerous other organizations.
Mr. Schiller received his J.D. from Washington University in St. Louis, where he was the Associate Managing Editor of the Washington University Journal of Law & Policy, and received his B.A. with honors from Trinity College (Hartford, CT), where he was the captain of Trinity’s varsity swimming team.
Matthew J. Schiller is a partner at the law firm Murphy Schiller & Wilkes LLP, based in Newark, New Jersey. …
Quinn Moss, is a corporate partner in the New York office of Orrick Herrington & Sutcliffe LLP, co-head of Orrick’s global Private Investment Funds Group, and on the leadership committees for Orrick’s Opportunity Zone initiative and Orrick’s Impact Finance and Investment Group. Quinn represents private investment fund sponsors (including impact funds) and institutional investors in private investment funds. Quinn received her B.A. from Harvard University, her J.D. from the Fordham School of Law and is admitted in New York. She is a member of the SEC Working Group for the National Association of Public Plan Attorneys (NAPPA), a member and former Trustee of the American College of Investment Counsel (ACIC), a member of the Association of the Bar of the City of New York, and a director, corporate secretary and volunteer for High Water Women Foundation. Quinn has recently presented and moderated panels exploring Opportunity Zones opportunities, has frequently presented and moderated panels focusing on impact finance and investment, the negotiation of fund terms and the impact of regulation on funds, and also was lead author of “Fundraising Terms and Conditions: Legal Developments in Key Countries” published in Private Equity and Venture Capital – Regulation and Good Practice (Risk Books, 2014).
Quinn Moss, is a corporate partner in the New York office of Orrick Herrington & Sutcliffe LLP, co-head of Orrick’s …
Katie Roskam is a partner in the Grand Rapids office of Varnum LLP, working with the Tax and Employee Benefits Practice Teams. Katie focuses her practice on business tax, international tax, executive compensation, qualified plans, and international tariff and sanctions issues, and has experience working with businesses of all sizes from startups to mature, large companies, including partnerships, limited liability companies, private and publicly-held corporations, and individual taxpayers. She advises these businesses across a variety of areas including tax, business and employee benefits law.
Katie's recent experience includes working with clients to analyze the benefits of investing capital gains in Qualified Opportunity Zone Funds, including assisting with the formation of a Qualified Opportunity Fund and the underlying partnership investment vehicle in order to take advantage of the tax benefit. Katie received her JD from Loyola University Chicago School of Law and her LLM in taxation from Northwestern University School of Law.
Katie Roskam is a partner in the Grand Rapids office of Varnum LLP, working with the Tax and Employee Benefits …
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Method of Presentation:
Live Webcast; Group-Internet Based
General knowledge of tax laws
NASBA Field of Study:
Taxation - Technical
NY Category of CLE Credit:
Areas of Professional Practice
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About Murphy Schiller & Wilkes LLP
Murphy Schiller & Wilkes LLP is a boutique law firm specializing in commercial real estate, with robust transactional, corporate, finance, land use, and litigation expertise.
The firm’s attorneys regularly represent businesses, investors, and lenders in complex real estate and commercial transactions, banking and financing matters, and real estate litigation. The firm’s attorneys also routinely represent clients in connection with the procurement of planning, zoning, and other development approvals, and help clients identify, negotiate, and secure real estate and economic development incentives, such as tax credits, tax abatements and exemptions, and other forms of non-dilutive financing.
With offices in Newark, New York City and Trenton, MSW was founded to provide effective, efficient, practical and creative legal and advisory services to meet the distinctive needs of our clients. Our attorneys have broad private and public sector experience, coming from top national law firms and high-level governmental positions. Through the development of individualized, client-focused strategies, our team works tirelessly to create a blueprint for success and advance our clients’ interests in every matter.
About Orrick Herrington & Sutcliffe LLP
Orrick Herrington & Sutcliffe LLP is a leading global law firm with a particular focus on serving clients in the technology, energy and financial sectors. We are recognized worldwide for delivering the highest-quality, commercially oriented legal advice and fostering a culture of innovation and collaboration with our clients, among our lawyers and staff and within our communities. Founded in San Francisco a century and a half ago, Orrick today is named by Law360 as one of the "Global 20" leading firms. With approximately 1,100 lawyers across the United States, Europe and Asia, our platform offers clients a distinctive combination of local insight and consistent global quality across our key market locations.
Varnum is a leading Michigan law firm providing a broad range of legal services to meet the complex needs of its clients. For more than 130 years, clients have trusted Varnum for excellence, innovation and superior results in the delivery of legal services. With more than 180 attorneys in eight offices, Varnum serves as counsel to growing businesses and institutions throughout Michigan, the Midwest and nationally.