Sullivan
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Daniel Ryan, partner in Sullivan & Worcester’s tax department, was quoted in the article “Top Federal Tax Policies of 2025,” published by Law360 Tax Authority [sub. req’d] on December 22, 2025. The article examines the most consequential federal tax policy developments of the year, including changes enacted through the budget reconciliation bill, evolving IRS guidance and updates to the federal opportunity zone program.

Dan commented that while the guidance issued this year is a starting point, significant uncertainty remains regarding which areas governors will designate as new opportunity zones in future rounds, including those expected next year and in 2027.

“Where the new zones are will strongly influence the level of investment and use of the program,” said Dan.