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Introduction On January 19, 2021, the IRS published guidance in Notice 2021-10, extending critical deadlines and rules relating to investments in qualified opportunity zones. First, any investors facing a deadline between April 1, 2020, and March 31, 2021, to invest their qualified capital gains in a qualified opportunity fund (“QOF”) now have until March 31, 2021, to invest those gains. Second, for purposes of the “substantial improvement,” requirement whereby QOFs or Qualified Opportunity Zone Businesses (“QOZB”s) must “double the basis” of property within any 30-month period in order for it to be qualified opportunity zone business property (“QOZBP”), the entire period from April 1, 2020 to March 31, 2021, is disregarded – the 30-month improved period is tolled during that period. Third, All QOFs having a testing date between April 1, 2020, through June 30, 2021, for the requirement that 90% of its assets be invested in qualified opportunity zone prope ....