LIHTC Guide
Nov 23, 2015
The Department of Housing & Urban Development (HUD) recently sent a series of emails and published newsletters issuing announcements regarding restrictions on the distribution of project assets. T...
Nov 15, 2015
Apartment owners and managers are well aware that when required due to the disability of an applicant or a resident, no matter what a property s policy on pets may be, fair housing law requires that...
Nov 9, 2015
Section 42(d)(4)(B) of the Internal Revenue Code reads: "The adjusted basis of any building shall be determined by taking into account the adjusted basis of property (of a character subject to the all...
Oct 26, 2015
HUD has published a proposed rule in the October 21, 2015 Federal Register titled, "Quid Pro Quo and Hostile Environment Harassment and Liability for Discriminatory Housing Practices Under the Fair Ho...
Oct 24, 2015
During an audit, a primary point of examination by the IRS will be the reconciliation of eligible basis, and identification of large, unusual or questionable items. Reconciliation of Elig...
Oct 19, 2015
In Velez v. Cuyahoga Metropolitan Housing Authority, 2015 U.S. App. Lexis 13265 (6th Cir. July 30, 2015), an appeals court ruled that fees for short-term rentals are considered rent and must be paid ...
Oct 18, 2015
The next few articles in this series of articles on the IRS Audit Guide will focus on the important issue of Eligible Basis, the beginning point for the calculation of credits. This first ar...
Oct 15, 2015
The federal government announced today that the Social Security Cost of Living Adjustment (COLA) for 2016 will be zero. This means that there will be no change in the Social Security income of SS reci...