KPMG QOZ services
Capturing potential QOZ benefits involves a cross-functional approach. Addressing the needs of our clients related to QOZ investment, a diverse team of KPMG specialists can:
- Provide a review for qualification purposes of the gain to be deferred under the QOZ rules
- Review formation documents for the Qualified Opportunity Fund (QOF) as a partnership or corporation
- Review contribution and partnership agreements for federal and state tax implications
- Assist the QOF in acquiring QOZ assets or investment in Qualified Opportunity Zone Businesses (QOZBs), including assets to be acquired by the QOZB, to satisfy the QOF and QOZB qualified asset tests
- Provide tax return services with respect to the QOF and QOZB
- Provide audit and advisory services, as needed
- Monitor continuing compliance of QOF certifications under the QOZ requirements
- Develop structuring alternatives for QOF and QOZB
- Provide tax opinions related to structuring and qualification of QOF and QOZB.
