In brief

On September 11, 2026, Treasury and the IRS released proposed regulations on Information Reporting Regarding Qualified Opportunity Zones (QOZs) and Updated Qualified Opportunity Fund Certification and Decertification Procedures¹ (“Proposed Regulations”). The Proposed Regulations implement the QOZ information reporting regime that was enacted by the One Big Beautiful Bill Act (OBBBA). Comments are due by October 16, 2026.

The Proposed Regulations would require (i) qualified opportunity funds (QOFs) to file comprehensive annual information returns, (ii) qualified opportunity zone businesses (QOZBs) to furnish annual information statements and compliance attestations to QOFs, and (iii) investor-level reporting for disposition events.  Further, the Proposed Regulations expand broker reporting, clarify electronic filing requirements, and implement penalties for failures to file or furnish the required information.

Download the full alert of United States: Treasury Releases Proposed QOZ Regulations

This alert was prepared by associates Sarah Eshera, Maxwell Holleman, Kelly Chan, Russell Lawson and Mike Briody.

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1 Information Reporting Regarding Qualified Opportunity Zones and Updated Qualified Opportunity Fund Certification and Decertification Procedures, 91 FR 57968 (Proposed September 11, 2026).

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