TOP 25 TAX SPECIALISTS
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GORDON GOLDIE
PLANTE MORAN
Gordon Goldie is one of the leaders of Plante Moran ' s housing and community development solutions group . He assists for-profit and not-for-profit clients with real estate development projects involving tax incentives such as historic tax credits , New Markets Tax Credits , Brownfield redevelopment incentives , and the Opportunity Zones incentive . He assists clients nationwide in identifying available tax incentives and structuring transactions to optimize the net benefit of these incentives while ensuring compliance with all applicable tax law requirements . He is a technical expert on tax credits and incentives and often presents to groups .
WHAT NEW TAX CHANGES IMPACTING THE OPPORTUNITY ZONE INDUSTRY CAN WE EXPECT IN 2022 ?
The focus on 2022 tax changes is currently on the Built Back Better Act , which is far from certain to pass . If it passes , it appears that capital gain rates will not increase as initially feared , which is good news for taxpayers that already invested in QOFs . Build Back Better could significantly reduce Section 1202 qualified small business stock tax benefits , which would impact structuring decisions for QOFs investing in operating businesses . Section 1202 is frequently paired with OZ to enable QOFs investing in operating businesses to exclude gains on the sale of the business after a 5-year holding period .
DUSTIN GRIZZLE
MGO
Dustin Grizzle is a tax partner and office managing partner of the MGO Florida office with more than 15 years of experience providing tax planning , compliance , and consulting services to high-net-worth individuals , investment funds , and Opportunity Zone Funds . He has an extensive background in trust planning and compliance , IRS examination representation , and succession planning . Throughout his career , Grizzle has also guided real estate investment firms , private equity funds , and other real estate owners through the tax implications of sourcing investments , structuring funds , waterfall / promote allocations , and liquidating events . He focuses on effective tax strategies that support early-stage value and long-term exit plans .
WHAT NEW TAX CHANGES IMPACTING THE OPPORTUNITY ZONE INDUSTRY CAN WE EXPECT IN 2022 ?
Although the 10 % step-up will not be available to those contributions in 2022-2026 , I expect a significant number of capital transactions occurring in the first half of 2022 , and those people will likely consider deferring income tax by investing in Opportunity Zones .
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