IRS NEws IRS provides answers about Coronavirus related tax relief for Qualified Opportunity Funds

IRS provides answers about Coronavirus related tax relief for Qualified Opportunity Funds and investors  https://www.irs.gov/newsroom/irs-pro WASHINGTON — The Internal Revenue Service today provided guidance for Qualified Opportunity Funds (QOFs) and their investors in response to the ongoing Coronavirus Disease 2019 (COVID-19) pandemic.  Notice 2020-39 (PDF) answers questions regarding relief from certain requirements under section 1400Z-2 of the Internal Revenue Code (Code) and the implementing regulations. Additionally, the IRS has updated the Qualified Opportunity Zones frequently asked questions.