David S. Rosen, ESQ., CPA, Releases The Book of Qualified Opportunity Zones
Comprehensive Guide for Investors, Developers, Business Owners and Professional Advisors Now Available for Download
TOWSON, MD. – July 22, 2019 – Rosen, Sapperstein & Friedlander, LLC (RS&F), a regional business consulting and CPA firm, and David S. Rosen, ESQ., CPA, chair of the tax department at RS&F, are pleased to announce the release of David’s comprehensive guide to the opportunity zone program, titled The Book on Qualified Opportunity Zones.
The Book on Qualified Opportunity Zones is the most thorough and complete analysis of the qualified opportunity zone program released to date, including detailed technical analysis, structuring ideas and planning opportunities.
Congress established opportunity zones as a community development program in the Tax Cuts and Job Act of 2017, with the goal of spurring economic development and job creation in distressed communities. Those who invest within opportunity zones can defer capital gains taxes if they reinvest capital gains into qualified opportunity funds which will then be invested into qualified opportunity zones. Maryland (as well as every State) has been approved for dozens of zones throughout the state, spurring development in low income communities.
“Over the past year, we have prepared detailed transaction memos, researched every component of the statute and regulations and developed practical tools for stakeholders,” says David. “Ultimately, we felt that combining our work into a comprehensive “book” will benefit our team, our clients, and other participants in the new industry focusing on the opportunity zone program.”
David is widely recognized for complex and creative tax planning on behalf of real estate developers, large closely held businesses and ultra-high net worth families (including numerous family office clients). Leveraging his legal and accounting background, he brings creative and practical advice to business structuring and restructuring, mergers and acquisitions and estate planning topics. As the opportunity zone program has developed, David has emerged as one of the leaders in the industry, advising on many of the largest projects in the region.
To download a copy of The Book on Qualified Opportunity Zones please visit http://www.rsandf.com/News-Resources/Book-on-Qualified-Opportunity-Zones. Alternatively, you can obtain a copy at www.OZCPAs.com.