IRS provides additional relief to qualified opportunity funds and investors affected by COVID-19

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January 20, 2021
2021-0130

In Notice 2021-10, the IRS provides additional relief under IRC Section 7508A for qualified opportunity funds and their investors in response to the COVID-19 pandemic, extending certain relief provided in Notice 2020-39 (see Tax Alert 2020-1498). Further, the notice provides additional relief under IRC Section 1400Z-2(f)(3) and the regulations under IRC Section 1400Z-2. A Tax Alert is forthcoming.

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