Because opportunity zones are so new and there’s so many conflicting reports regarding its current state, it’s extremely important you understand the nuances of the program not many are aware of. In this podcast, tax attorney and partner Michael Sanders from the law firm of Blank Rome talks about open questions and planning issues that you need to be aware of if you want to reap the full benefits and capital gains tax advantages that the Opportunity Zones program provides.
Based on the information contained in this podcast, a case can be made that the future of the Opportunity Zones program is one of optimism with obvious potential. But like everything, it’s important to understand the details and to do that, consulting a tax lawyer such as Mr. Sanders can’t hurt. Being focused on tax, fund formation, real estate, securities, and corporate legal matters, his team of attorneys helps individuals, corporate investors, and real estate professionals understand the legal requirements and processes to obtain tax credits, as well as techniques to ensure deferral reduction or exclusion of capital gains in Qualified Opportunity Zone Funds. You’ve probably never heard the information Mr. Sanders provides in this podcast, so heed his advice and get moving because the end of the year deadline is coming – and you don’t want to make any mistakes (especially the kind you aren’t even aware of!).
Questions? Comments? Michael Sanders can be reached by phone at 202.772.5808 or by sending him an email to
email@example.com. In addition, you can visit the Blank Rome website – and don’t forget to attend his next event “Practical Aspects of Compliance with Opportunity Zone Rules and Regulations: Traps for the Unwary”.
ABOUT OUR GUEST: Michael Sanders
Michael Sanders is the lead partner of the Firm’s Washington, D.C., office tax group. He focuses his practice in the area of taxation, offering particular knowledge in matters affecting partnerships, limited liability companies, S-corporations, real estate, tax controversy, opportunity zone funds, and estate planning, including trusts and estates. He also has a large practice in the area of exempt organizations involving healthcare and low-income housing, associations and joint ventures between for-profits and nonprofits, as well as structuring New Markets Tax Credit (“NMTC”) and Historic Tax Credit (“HTC”) transactions. He regularly serves as an expert witness in complex litigation.
Michael is the author of Joint Ventures Involving Tax-Exempt Organizations (4th Ed., 2013; 2016 Supplement) published by John Wiley & Sons, Inc. The book was recently cited by the majority opinion in the widely covered U.S. Supreme Court decision in Burwell v. Hobby Lobby Stores, Inc. He is also an adjunct professor at George Washington University Law Center and Georgetown University Law School teaching Income Taxation of Partnerships and Subchapter S Corporations and Tax Treatment of Charities and Other Non-Profit Organizations, and Joint Ventures Involving Tax Exempt Organizations (including healthcare, universities, LIHTC, new markets, HTC, and conservation organizations, respectively).
Michael is a frequent speaker on the Opportunity Zone Fund legislation, which is part of the 2017 Tax Cut and Jobs Act. He advises funds, investors, and real estate companies on the program requirements and provides up-to-date guidance.
Michael has been recognized by Chambers USA as a leading tax attorney, with clients noting that “he stands out for his persistence, accessibility, seasoned judgment and reasonableness, coupled with his creativity in finding solutions” and that he is “well connected in the industry, very experienced and bright.” In 2007, he was selected from a field of the nation’s leading lawyers and judges as a finalist for the Lawdragon 500 based upon his current impact on the biggest issues and deals in the law.
Prior to Blank Rome, Michael served as an attorney-adviser to the assistant secretary of tax policy at the Office of Tax Legislative Counsel and as a trial attorney at the U.S. Department of Justice (Attorney General’s Honors Program).
In 2016, Michael was honored by The George Washington University Law School for his 40 years of teaching at the law school.
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