An IRS hearing on the highly anticipated opportunity zones tax break has been postponed indefinitely, dealing a blow to investors seeking answers on how to cash in on the new incentive.
The IRS announced (REG-115420-18) on Jan. 7 that the public hearing, originally scheduled for Jan. 10, is canceled, news that comes as the bulk of the agency’s employees remain furloughed because of the government shutdown.
The IRS will announce a new date once funding has been restored to the Treasury Department, it said.
“I am definitely disappointed. The sooner we get the guidance the ...
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