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How can my corporation become certified as a Qualified Opportunity Fund?
How can my corporation become certified as a Qualified Opportunity Fund?
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It is very easy to do. File Form 8996 with the next income tax return for the corporation. But the ongoing compliance is where the tough part comes in.
It's a self-certification based on meeting the criteria. You simply complete the tax return with the appropriate forms completed with the tax return and maintain files in support of your meeting the criteria.
You will need to determine if your corporation is eligible and you will self certify by filling form 8996 and attaching it to your federal income tax return.
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