What reporting does OZ 2.0 require?

Funds must file an expanded annual return showing asset values on each testing date and, for each business they hold, details including its census tracts, owned and leased property, residential units and employees, plus investor dispositions (26 U.S.C. § 6039K). Businesses must furnish statements to their funds (§ 6039L). Failures carry penalties of $500 a day, up to $10,000 per return, or $50,000 for funds with more than $10 million in gross assets (§ 6726).

When are QOZB statements to the fund due?

Under proposed regulations published September 11, 2026, a business would furnish its statement by the first day of the second month after its year ends (February 1 for calendar-year businesses). The rule is proposed, not final (REG-116506-25).

Do you prepare tax returns?

No. We organize, reconcile and document the information behind each filing and statement, and work with your CPA, who prepares the returns.

Opportunity Zone Reporting Support (OZ 2.0)

Why it matters

Reporting is where compliance becomes visible

OZ reporting draws on information from across the project: assets, income, deployment, ownership and timing. If any piece is missing or inconsistent, the filing and the investor’s confidence suffer.

OZ 2.0 adds new reporting obligations, which raises the bar for recordkeeping across the whole hold period.

What we do

Scope of work

Every engagement is scoped to the project. These are the areas we typically cover.

Filing support
Assembling and reconciling the information your tax preparer needs for fund-level and investor-level OZ filings.
Investor reporting
Periodic compliance updates for investors, written in plain language and consistent from period to period.
Reporting calendar
Tracking every filing and reporting date for the project, with reminders and ownership assigned well ahead of deadlines.
OZ 2.0 reporting readiness
Preparing the project’s data for the reporting requirements introduced by the 2025 legislation.

Alongside your advisors

Working with counsel, not in place of it

We don’t prepare tax returns. We work with your CPA so the information behind each filing is complete, consistent and documented.

Questions

Common questions

What reporting does OZ 2.0 require?: Funds must file an expanded annual return showing asset values on each testing date and, for each business they hold, details including its census tracts, owned and leased property, residential units and employees, plus investor dispositions (26 U.S.C. § 6039K). Businesses must furnish statements to their funds (§ 6039L). Failures carry penalties of $500 a day, up to $10,000 per return, or $50,000 for funds with more than $10 million in gross assets (§ 6726).
When are QOZB statements to the fund due?: Under proposed regulations published September 11, 2026, a business would furnish its statement by the first day of the second month after its year ends (February 1 for calendar-year businesses). The rule is proposed, not final (REG-116506-25).
Do you prepare tax returns?: No. We organize, reconcile and document the information behind each filing and statement, and work with your CPA, who prepares the returns.

General information, not legal or tax advice.

Talk to us before the structure is set.

Whether you’re forming a new fund or bringing an existing project into compliance, we’ll tell you plainly where you stand.

Speak with our team Take the readiness check

Filing support

Investor reporting

Reporting calendar

OZ 2.0 reporting readiness

Talk to us before the structure is set.