For Opportunity Zone Fund Admins, CPAs, and Sponsors
Stay compliant today and beyond 2026. OZfile connects admins, CPAs, and sponsors on one platform to collect, organize, and secure every QOF record your fund needs.
SOC 2 Type II
Certified secure platform
5,000+
Businesses served by Advalis
150,000+
Treasury filings completed
$10M
Insurance coverage
How it works
Spreadsheets cannot tell you you are about to fail a 90% or 70% test. OZfile can. Map your fund once and every deadline is handled from there.
Add your fund, its operating businesses, and who holds which role. Ten minutes, one time, with regulatory experts live on hand to help.
Connect your client's team (fund admins/CPAs) or your own team (sponsors). Everyone gets a link with five questions or fewer to easily provide the information the fund needs.
Twice a year, your fund must show 90%+ zone property assets and each business 70%+ tangible property. OZfile runs both tests in real time, averaged like the IRS does, with task lists keeping you ready.
Never miss a deadline. Records and evidence stay attached and organized, so your fund and every operating business are always ready for review and filing both during the year and at year-end.
If the IRS asks
Each figure traces to a source document, a named respondent, and a timestamp. If a return is ever questioned, the evidence is already organized into one audit trail.
The source file is stored with the answer it supports.
Who answered, and exactly when, on every line.
The Advalis platform’s security controls, independently audited.
Each computed test cites the rule it satisfies.
Your written plan for spending the cash, the 31 month schedule it runs on, and actual spend tracked against it line by line.
Value entered · $1,284,500
Source attached · fixed-asset-ledger.pdf
90% asset test computed · Pass
Package compiled · 42 pages
Workpaper package
Riverline QOF, LP
Reviewed and signed by ____________, CPA
Partner program
New reporting for funds and the businesses they own lands in the 2027 filing season. Whether you prepare the returns, form the funds, or run their back office, we carry the collection and deliver the signed package under your name or ours.
Computed tests, evidence attached, tied to the statute line by line.
White-label the whole collection flow under your firm’s name.
We never file. Your client relationship stays yours.
Who it’s built for
Whether you manage funds for clients or run your own, OZfile fits how you work. Same asset tests, same evidence trail, same filing-ready package, Form 8996 workpapers a reviewer can trust.
Either way, nothing is filed without a CPA’s review and signature.
Manage every client fund from one dashboard. We deliver a filing-ready package your clients can review, sign, and file.
Bring in your bookkeeper, property manager, and payroll admin to feed the fund directly. Licensed CPA partners review and sign off if you need them.
The mandate
A new federal law rewrote what opportunity zone funds have to report. Three things changed.
Every Qualified Opportunity Fund now files a detailed annual information return. That means asset values on both semiannual test dates, every business it owns, and the census tracts its property sits in. It also reports residential unit counts, employee figures, and investor-level activity.
The written plan’s first checkpoint asks for at least 10% received and 5% spent or under signed contract. That is 159 days from today. Calendar 2026 is the first reportable year, and its first test date, June 30, has already passed.
Every operating business a fund owns must furnish a signed data statement to its fund each year. Missing that carries a penalty on the business itself, separate from the fund’s.
28.8%
of QOF returns the IRS found potentially inaccurate
TIGTA · 2022$500 / day
Per project, while a statement is late.
The new statute$10K to $50K
Penalty per return. Miss a piece, and the meter runs.
Under / over $10M in assetsApr 15, 2027
when the first filings under the new rules come due
Filing seasonOnly 159 days left to protect your investors and your fund
By December 31, 2026 you need at least 10% of the plan received, and 5% spent or under signed contract. Miss either and the safe harbor holding your investors’ cash comes into question. Produce the report that proves you cleared both.
Your dates and your exposure in two minutesInvite your team to provide data
No portal, no password, no training. The link opens to their five questions. They answer, attach one document, and sign.
Five cards. That’s the whole ask.
Each person sees only their part of the business’s year-end picture.
A fixed-asset ledger or a payroll report, then an e-sign. Done in minutes.
Automatic reminders until it’s in. You send nothing.
Our QOF filing experts are fully trained to answer data collection questions from your invitees. They never have to ask you.
This is how each operating business gets its signed statement to the fund without anyone learning tax software.
For your investors
Every investor files Form 8997 each year, and this December they all have the same question. The sponsor who answers cleanly is the sponsor they invest with again.
Your year-end statement is ready
Form 8997 figures enclosed. Investment value, deferred gain remaining, events.
The statementThe investor statements the new rules require, produced from the same data, delivered before filing season.
A sale, transfer, or other event that ends an investor’s deferral early shows up when it happens, not at tax time.
A ready-to-send explanation of the deferred-gain recognition, written in plain words for your investors.
Resources
The new rules in plain words, and the free tools that turn them into your dates.
Your dates against the Section 6726 meters. The daily rate, both caps, and the intentional tier in two minutes.
Open >Your written plan’s December 31 checkpoint, written up. Dates, targets, and the figures a reviewer asks for.
Open >Type any address, see its census tract, which set of rules applies, and whether it qualifies.
Search >The new reporting rules in plain words. Who files what, when, and what it costs to miss.
Read >Get started
Map the fund once, let the links do the chasing, and hand your CPA a package that is ready to file. Or start with your dates. The report generator takes two minutes.
159
days to December 31, 2026
The date does not move