A survey by the National Federation of Independent Business (NFIB) found that only 4% of small business owners are “very familiar” with the Employee Retention Tax Credit program. Furthermore, only 32% said they were “somewhat familiar” with the incentive. Scammers are taking advantage of this unfamiliarity to collect high fees from business owners. Unscrupulous companies
IRS Frequently Asked Questions
Below is the link to the IRS Frequently Asked Questions page regarding Qualified Opportunity Zones, How the spur economic development?, What is a Opportunity Zone Fund? and other question regarding QOZs.
Designated Opportunity Zones
The following is the complete list of all population census tracts that the Secretary designated as Zones for purposes of §§ 1400Z-1 and 1400Z-2. The Internal Revenue Service will be governed by this list in administering § 1400Z-2.
Opportunity Zone Rules and Regulations
This revenue procedure provides guidance regarding to the procedure for designating population census tracts as Qualified Opportunity Zones for purposes of §§ 1400Z–1 and 1400Z–2 of the Internal Revenue Code.