Qualified opportunity funds: Estate and gift tax planning implications
Exploring ways to incorporate qualified opportunity fund (QOF) investments into your overall estate and gift tax plan. While it is certainly possible to do some effective wealth transfer planning with QOFs, these assets provide a narrower bandwidth for planning than many other types of assets. Here is an overview of the essential estate and gift tax planning aspects of QOFs.

Opportunity knocks, will investors answer the call?
The IRS and Treasury Department released the second round of Qualified Opportunity Zone (OZ) regulations that may spur taxpayer confidence and financial implications will drive investment and set the stage for capital deployment into these designated areas. The OZ program also offers a large incentive related to those investments held at least 10 years.

U.S. partners to determine their own GILTI inclusion
Final regulations issued in late June 2019 on GILTI inclusion could have a considerably differently impact on PE and VC fund structures. GILTI is a new anti-deferral provision of the U.S. tax law that results in current taxation of offshore earnings for U.S. shareholders of a controlled foreign corporation (CFC) regardless of whether the income is distributed or retained offshore.


Estate and gift tax planning implications exploring ways to incorporate qualified opportunity fund investments


Source: RSM US LLP
Used with permission as a member of the RSM US Alliance


At Insero, we make it our business to stay abreast of the latest trends and technical updates in accounting, tax, and audit; and we understand how important timely updates are to our clients. As a member of the RSM US Alliance, we also have the benefit of access to the resources and subject matter experts of RSM US LLP (formerly known as McGladrey LLP). This includes regular updates on the latest federal, state, and international tax news as well as updates pertaining to the Tax Cuts and Jobs Act. We hope that you find these informative and useful, and invite you to reach out to us if you have any questions.