InfO-Zone blog

Joseph B. Darby III

Jay focuses his practice on business and transactional tax law. He advises a wide variety of corporations and high-net-worth individuals on tax and legal aspects of business and real estate activities and represents these taxpayers before federal and state taxing authorities. He also works with high-net-worth individuals and business owners to organize their personal income tax and estate planning affairs in order to maximize wealth preservation and minimize tax on transfers to family members, charities and other recipients. This is accomplished through the use of the latest sophisticated estate planning strategies, including family limited partnerships, installment sales to defective grantor trusts, the formation of family charitable foundations, and other similar techniques. Jay was one of the early proponents of Opportunity Zones, and has been at the leading edge of the legislation and related tax incentives since they were first enacted in the Tax Cuts and Jobs Act in late 2017. He has spoken at over a dozen National conferences on the structuring of Qualified Opportunity Funds and Qualified Opportunity Zone businesses, and has helped form more than a dozen successful Qualified Opportunity Funds thus far, ranging in size from small private transactions to transactions in the $200 million to $500 million range.

Recent Posts

New IRS Regulations Will Help Spur Investment But More Guidance Is Needed

Posted by Joseph B. Darby III on Oct 25, 2018 12:09:16 PM

Info-Zone-blog_email-notification-masthead_601-x-189The Tax Cuts and Jobs Act (TCJA), passed in late 2017, contained many headline-grabbing new tax provisions, and during the initial wave of public reaction and acclaim the Opportunity Zones Act (Ozone Act) embedded in the TCJA was largely overlooked.  However, the Ozone Act has proven to be something of an iceberg, with only the tip visibly exposed: Beneath the surface, Ozones have developed into something quite large – and perhaps enormous.

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Topics: Opportunity Zones, Treas. Regs.


About the Blog

Sullivan's InfO-Zone blog features insight and analysis about Opportunity Zones, written by our multi-disciplinary team of lawyers from our Tax, Real Estate, Affordable Housing and Corporate practice groups. 

The material on this site is for general information only and is not legal advice. No liability is accepted for any loss or damage which may result from reliance on it. Always consult a qualified lawyer about a specific legal problem.




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