The IRS plans to notify 5,141 opportunity zone investors about any deferred capital gains that they might have improperly gained.
- That action comes in response to a report released Thursday by a Treasury watchdog that found the Internal Revenue Service didn’t require an investor’s taxpayer identification number to ensure that they were complying with requirements.
- The report, by the Treasury Inspector General of Tax Administration, was heavily redacted, including sections on what the watchdog found about how opportunity zone investors were complying with reporting requirements.
- TIGTA made eight recommendations to the IRS to ensure investor compliance. The IRS agreed with ...