In this article, you'll learn:

• What opportunity zones are and how they work.
• The tax benefits of investing in opportunity zones.
• How to decide if opportunity zones fit your business needs.

Opportunity zones are one of the biggest changes to the tax code vis-a-vis commercial real estate since the codification of the 1031 tax-deferred exchange or President Reagan's complete overhaul of the accelerated depreciation system in the mid-80's tax reform. An opportunity zone is, quite simply, a location where your business can invest in real estate and, potentially, other equity, and potentially avoid paying capital gains.