Elisabeth Crane and Tucker Thoni Author Law360 Article “Pandemic Extensions May Save Opportunity Zone Investment”

Orlando, Fla. – June 22, 2020 – Elisabeth Crane and Tucker Thoni, tax attorneys in GrayRobinson’s Orlando law firm office, authored the Law360 article “Pandemic Extensions May Save Opportunity Zone Investment.” The article discusses I.R.S. Notice 2020-39, which was recently issued and provides relief from certain time sensitive deadlines for opportunity zone investments.  The relief was needed because of the shutdowns and economics disruptions caused by the COVID-19 pandemic.  The notice provides qualified opportunity funds extended or tolled compliance time periods and temporary respite from penalties imposed on QOFs for failing a semi-annual asset test.  Read the full article here.