How it works
Follow one opportunity zone fund through a full reporting year. Setup takes ten minutes, the records come from the people who already hold them, all 16 tests run on their own dates, and a filing-ready Form 8996 package is waiting when the season opens.
Step by step
Here is one fund’s year in OZfile. You set it up, send the links, watch the tests, and hand over the package. A QOF expert is on the line for every step.
Enter the fund, its businesses and its properties, and say who has each number. It takes about ten minutes, and one of our QOF experts can walk through it with you on a call.
Each person gets a link to their own questions. The bookkeeper answers about the books, the property manager about units and addresses, and payroll sends one report. If anyone gets stuck, our team answers them directly, so nobody comes back to you.
On June 30 and December 31 OZfile runs all 16 tests the IRS applies and shows each result as a bar. If one is heading for a fail, our team calls you months early with what it takes to fix it.
In January the Form 8996 workpapers and each business’s signed statement are ready. Our team walks the package through with your preparer, and your preparer files.
Who we serve
Select your industry to see what OZfile handles for you.
Run every fund and project from one place.
See how OZfile helpsOffload OZ 2.0 compliance for every fund you administer.
See how OZfile helpsReview every fund client’s records in one place.
See how OZfile helpsRefer a fund client and know they are protected.
See how OZfile helpsWhat you get
OZfile holds your whole structure with any number of businesses and properties, and it gives each person on your side their own seat. Our experts stay on the line from the first setup call to the last upload.
Add the fund, then every operating business and property under it, in any number. Each one gets its own questions and its own tests.
Give your bookkeeper, property manager and payroll contact a seat. They enter the first numbers, answer monthly updates from easy reminders, and record events as they happen. You see every test as it stands.
Our expert support team answers questions from anyone on your side and helps move your data into the systems you already use.
All year long
OZfile keeps the fund current between the test dates and ready for the filing when they arrive.
One task list covers the whole fund, monthly check-ins take minutes, and reminders go to whoever owes the answer.
OZfile rechecks all 16 tests as records land and alerts you and our team the day something is not right, months before a penalty.
By January the Form 8996 package and every business’s signed statement are ready for your preparer.
When someone asks for proof
Behind every figure sits the document it came from, the person who supplied it, and the minute it arrived. If the IRS asks, you pull the file instead of rebuilding the year.
Each business’s statement is signed by its own officer, and every figure carries the name of the person who entered it and the minute it arrived.
Our team checks each figure against the document behind it before anything goes to your preparer.
Collection, reminders and verification run through our U.S. regulatory experts, not through your inbox.
The Advalis platform runs on independently audited security controls.
Every test names the section of the law it comes from, the spending plan is tracked against its 31-month clock, and the whole record is ready the day a question arrives.
