TaxConnections congratulates our member Blake Christian for recognition in Top 25 Opportunity Zone Tax Specialists.

Blake Christian is a tax partner in HCVT, a Top 30 National CPA firm headquartered in Los Angeles. He is also the managing member of MIT Modular – a Provo, Utah-based ESG OZ Fund focused on converting shipping containers into housing, retail and special purpose uses. Christian brings over 40 years of experience providing tax consulting and compliance services to clients. A thought leader, he is a frequent speaker and national media source. He has published over 200 tax and financial articles, and co-authored the book “How to OZ.”

What new tax changes impacting the Opportunity Zone industry can we expect in 2022?

Thankfully, the OZ program continues to be supported by both sides of the aisle. Both President Biden and Vice President Harris support the program and recognize its power for both real estate projects and operating businesses. I anticipate that we will see enhanced QOF and QOZB reporting with respect to the projects being undertaken by OZ Funds, the employee headcount and anticipated economic impact on the community. I also expect that we will see President Biden’s requested incentive for OZ Funds to partner with local charitable organizations to pass – along with public-private partnerships as part of the Build Back Better legislation. Finally, I am hopeful that one of the tax bills extending the five and/or seven-year basis increases will pass.

Have a question on Opportunity Zones? Contact Blake Christian.