Saro Sevugan

Saro Sevugan
Tax Manager at MRPR
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Capital Gains Savings & Qualified Opportunity Funds

Posted by Saro Sevugan on Mar 4, 2019 8:00:00 AM

The Tax Cuts and Jobs Act of 2017 (TCJA) is the largest overhaul of the United States tax code in a generation. There has been much reporting about the change in the tax rates, the new benefits available for business taxpayers, and the advantages and disadvantages of many of the changes to existing law. One of the more under-reported benefits, however, arises from something that is new with the TCJA – the concept of Qualified Opportunity Funds (QOFs). To the educated taxpayer, QOFs can mean potential tax savings and the chance to invest in the future of some of America’s most needy areas.

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Topics: Tax Topics, Accounting Hot Topics